@Emre Dura you may want to connect with @Drew Sygit to discuss this in further detail after reading below...All foreign investors owning U.S. rental property are responsible for paying taxes on any and all rental income they earn in the U.S. regardless of any tax treaties that may exist.Since some of the regulations and requirements can be confusing, Logical Property Management (LPM) has created this document to summarize the options for a foreign investor.

Quote from @Bubba McCants: I have the same technique as Drew: copy from others, customize to your business model and laws, refine as you go.I started with a two-pager that was built in the 80s and never updated.

Quote from @Drew Sygit: Is this another form of analysis paralysis?

Quote from @Drew Sygit: @Allen Zhu as others have already commented, using zip codes is not a sound strategy.For the City of Detroit (please don't mix the city & the suburbs!)

so following @Drew Sygit's methodology of no-horse-in-this-race observations1) didn't see the 'no pants' thing coming...thats a new one for me 2) it looks like you bought at the lowest interest rate, highest part of the market cycle so you gotta own that and a chunk of this decrease is cyclical.

Hey Drew, thanks and nice to meet you

If your parents didn't have any ownership rights on the property, which sounds like it's the case, then they'd theoretically be entitled to the full loan amount + market interest depending on how you guys drew everything up/what evidence there is.

The ADU in the back is what drew us initially to the property.

Quote from @Drew Sygit: @Jessica Uresti construction is NOT a linear process and rarely goes as planned!

Not a big deal but he drew the line there just on principle and I think kinda for fun.