Here's the key components to calculate your tax liabilityAdjusted cost basis - Is the purchase price, plus capital improvements, minus depreciation.

Not keen on seller financing component.  

De nada 😎I don't know that market at all (FYI, I don't see this is other Midwest markets where my CFO clients buy properties), but I suspect it's related to perhaps the international investors that agent may work with...they are often cash buyers as it's very difficult to borrow here if you're not a U.S. citizen.

Do you run the numbers yourself, do you have an internal CFO, or do you work with a fractional party CFO?

, status of major building components (roof, HVAC, structural, electrical, plumbing), accounts receivable aging (are all tenants paying or is the $20,500 schedule rent?)

They give no official closing documents, just internal documents that I'm guessing are fraudulent. 170% profit in two years is a HUGE red flag🤯 

While I agree that the STR market has matured and margins are compressing, I don’t think this is a universal truth—especially for Americans buying in international markets like Germany.

Second Street is an international mortgage lender actively investing in Costa Rica.

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.

We act as a bridge for international investors looking to diversify their portfolios in Europe.If direct investments in Spain become less viable due to these tax implications, an alternative could be collaborating with local companies like ours.