I will want to continue to continue to defer the taxes but in an UPREIT.

Additionally, strong tax planning is essential, as your W2 income limits your ability to deduct passive losses.

- the property is based in Garfield Heights - and that my property tax will be much higher.More details: https://brickbear.ai/share/deal/1/583 Define "area not that great"......It's a high C type area.

Did I mention there is no property tax in Croatia ;) When you buy abroad, it’s not just a property that you are buying...you are buying into a lifestyle.

When we sold the house for a large profit, it was difficult to determine who got what profits and the CPA struggled to navigate how to file taxes since I lived in the house for over two years.

Still, if you aren't whittling down the number you are analyzing financially to a small subset you see before deciding what to do, you are missing an essential part of getting to the tipping point of expertise in your field.

They lowered the “taxable value” by 40-50% and then raised the tax rate about 35-45% lowering everyone’s taxes that year.

The best option depends on your goals, liability concerns, and tax strategy, with LLCs often offering the most protection.Talk to an attorney.

Definitely a question for a tax attorney/accountant, especially with the dollar amounts involved. 

Subject to Unrelated Business Income Tax (UBIT) if using financing (e.g., a mortgage).