As you probably read through the comments on this thread, there are many moving pieces, costs, and folks involved in this transaction. 

There is no seasoning requirement involved since the property isn't a short sale and it isn't someone buying REO from a bank with a seasoning requirement.

Make sure that your tax accountant understands this. 

It may be hard to find unbiased advice on account of that.To me, it seems that his/their core competency is promotion and fund raising.

My point is this, I am actively involved/advising this investor, providing local vendors contacts (handyperson, surveyor, painters, etc) and I "don't wait for them to call me", I call them weekly. 

And this does not even involve business or real estate!

You will also need a US bank account.

@Caryn FischerI agree with Jaron, you should definitely have a consultation with your tax accountant and/or financial planner before you do anything. 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.