In its first year, the rental only earned enough to cover half the mortgage.

You could structure the deal as an installment sale or a lease option so the property owner doesn't see a large capital gain tax payment for the sale.And good on you for helping out!

If all goes well, my monthly payments could drop about $60 from a tax reassessment in about six months.

How is it for preparing taxes? 

The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

Be upfront about your goals during interviews to find a good fit.Broker's Share of Commissions:Yes, brokers generally take a portion of any commission you earn, even if it's from a property you purchase for yourself.

My tax professional is stating that I would need an appraisal to show the lot/structure are valued at $400k if I try to claim $200k as a donation.

My question is do I have to recapture all the depreciation for tax in 2025?

@Josh Ball mentions, there are issues with foreign investors but, nowadays, it's not necessarily on the tax front anymore.

The contributions are lower so it takes a while to build, but once you do, it's tax-free investing.