Which increases paperwork & costs for little benefit - if any.4) You'll need an entity in the US.You need to discuss all this with a qualified tax professional or attorney.- For our clients, we provide consultations with a tax attorney that handles over 300 foreigners legal & tax needs.

Make sure to prepare a professional proposal, highlight your STR track record, and be transparent with your financial projections.

@Chris SeveneyI agree it is not the most professional website I have seen.

To me the biggest takeaway is that as real estate professionals, we always talk about location, location, location.

Unfortunately, this problem waste a lot of my time that could be spent on other investments.I have used the same tax professional for many years and he is very educated, but also much older than me and it's hard for me to understand all the reasons he has expressed why is better to put the rental on my personal tax returns.

Quote from @Miguel Del Mazo: Quote from @Jonathan Greene: Quote from @Miguel Del Mazo: We have 3 2/1 condos in our portfolio that attract traveling professionals (medical or otherwise) and a triplex that we essentially BRRR'd down to the studs.

If you are broke and trying to quit your job asap, the answer will be much different than what an acceptable answer would be for a professional investor who is a multimillionaire.

Surround yourself with knowledgeable professionals who can support your real estate endeavors.

Hey Kaleb, I have helped plenty of professionals from NY enter the Detroit market.

Readers should seek professional advice.