Lastly, I don't know what your long term plans are, but having a house to return to in the States if your international adventures don't work as planned can be a good safety net for you!

Perhaps for your first rehab ride, you find the deal, you earn a fee by letting someone else fund it, and simply be an "intern" on the first deal.

In general, the major brokerages are somewhat greedy and they would prefer to keep both sides of the commission "in house", so before any new listing is posted to a site like LoopNet, Costar or Crexi, it is passed internally to every other broker in the office and then within the intranet for that company, to see if anyone has a party to do the deal with.

Hi Mike,I would go with a good old fashioned Texas cash-out refinance.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

In a similar fashion, if you can imagine how much landscaping and underground infrastructure is in a golf course as compared to the clubhouse, that will give an indication of why an extremely high percentage of the property's value is allocated to the land improvements. 

I have Pact #2,#3 & #6.While I mostly drink wine at home (I brought almost 10 cases with me) I do enjoy a good Old Fashioned, and it's made with Old Granddad.

This is an internal accounting requirement  You can cut a check to any member as a drawing or return of capital, to them individually, that's not an issue. 

@Julien PayneCongratulations on leaping international real estate! 

Social media can be a powerful tool, and then good old-fashioned door knocking for listings is a great way to drum up business as well!