We are US citizen. 

I'm not a cop or lawyer so I'm just giving you my perspective as joe citizen.

After some searching, I was not able to find an answer to this unique situation:I have two friends (US Citizens) who work as missionaries in El Salvador, and currently own a house there.

Families with children, senior citizens/snowbirds,  international travelers, etc often prefer a spacious smoke free environment that is affordable.

You might want to start reading a bit about FIRPTA the tax laws for non-citizen investors. https://en.wikipedia.org/wiki/Foreign_Investment_i...What areas of the US or types of investments are you interested in?

How can they not be at or near the top of the list in subjects that are critical to our children’s development as human beings and as effective citizens?

I definitely read that post wrong ... thought he was a citizen. 

But, I have to perform my duty as a citizen so...I have to do it.LESSON OF THE WEEK: BEING THANKFUL PAYS OFFI started a forum thread - http://www.biggerpockets.com/forums/223/topics/158680-i-am-thankful-for-biggerpockets-because and this became a featured forum.

I allow well-trained family dog but require a much larger refundable security deposit, renter's liability policy with me as additional insured, vet records showing breed, age, and current vaccines (no restricted breeds or mix of restricted breeds, no puppies), proof of legal license if city required, and Canine Good Citizen certificate (I interview the dog myself if in same town).  

You don't have to operate with Officers, you can be a Sole LLC or LLP (Limited Liability Partnership).Taxation is defaulted as pass-thru, but you can opt to be taxed as a Corp. level (until you take profits than you'll be double taxed for income as well)State fee's in Texas are much lower than a Corp.I'm assuming you nor your partner are US citizens, so the LLC allows more flexibility rather than a S Corp. for foreign investors.One of my favorites, is you can gift the LLC to others...not so, with a Corp (Estate Planning in a Corp. is voided or difficult).An LLC in US/Texas should cost less than $1500.00 to setup correctly.