I am not aware that there is a double taxation treaty between US and Costa Rica. 

For that matter, I'd like to find a pointer to an IRS doc that actually explains depreciation recapture tax at all.Jon

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

Everything seems to about negative gearing and taxation advantages over here which just doesn't work for me. 

@Jason PowellIt's important to note that cash flow =/= to taxable "income".Cash flow does not include non-cash transactions such as depreciation, amortization, and accrual transactions.Most home states generally avoid double taxation by allowing a tax credit for income taxed by another state.

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

(a) A disabled veteran is entitled to an exemption from taxation of a portion of the assessed value of a property the veteran owns and designates as provided by Subsection (f) in accordance with the following schedule:an exemption of for a disability rating ofup to:at least:but less than:$5,000 of the10%30%assessed value7,500305010,000507012,00070 and over(f) An individual may receive an exemption to which he is entitled by this section against only one property,Texas Code 11.131: (b) A disabled veteran who has been awarded by the United States Department of Veterans Affairs or its successor 100 percent disability compensation due to a service-connected disability and a rating of 100 percent disabled or of individual unemployability is entitled to an exemption from taxation of the total appraised value of the veteran's residence homestead.

I have always been fascinated with real estate.I started in 2000 investing in a couple rental houses.My "AHA" moment came in 2008 to move away from the single rentals and graduate up to large apartment complexes.My background is a CPA with real estate taxation and forensic accounting experience.

That adds risks in my mind as to taxation, services and transactions may slow, that will also bring prices down, so with risk there is more opportunity. :)

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