The only other advice that I would give is if your primary motivation is to save on taxes, don't do it.

This is to prevent kids from sticking their fingers into the spaces alongside the pipes. 

This is a pretty old post - not sure why a newbie felt the need to resurrect the dead here - and I'm not sure the OP is still hanging around, but if he is:The first rule when you are in a hole is to stop digging.

Reason given is to file claim with Renters insurance.

We're looking to transfer this into an LLC for liability purposes.From what I can tell, the best way to do this is to retitle the property, pay Chicago's expensive retitling tax, and set up an operating agreement, all of which likely requires a real estate lawyer (what $ base do we use on the tax, given we aren't selling it to ourselves, just transferring it?). 

If one of those is true, my usual recommendation to my CFO clients is to start in those markets. 

The key is to purchase in desirable locations where demand for rental housing is high, ensuring consistent occupancy and the potential for rental rate increases over time.2.

However, with a BRRRR one goal is to get back your out of pocket investment.

The common thought is to not rent to friends or family.

Whether your plan is to generate rental income for part of the year or to create unforgettable memories during your personal stays, Mexico provides an attractive combination of high returns and diverse options to perfectly match your lifestyle and investment goals.Hope this information helps anyone in this group who is considering expanding their investment portfolio into international markets.To our success!