It all depends on your situation and what state you're investing in.Everyone and their brother will tell you to create a Nevada or Delaware LLC - no matter what your situation is you (most likely) do not want to go this route.Other than that most things you'll encounter are the same. 

I'm not sure how to find the best cities to invest in but am leaning towards DE as I spent time there and have a little experience with the state. 

@Manuel De La Cruz Are you using the C-Corp as your property management company, only, or did you also purchase or transfer the property into the C-Corp. 

I have traveled all over Mexico and one of the places you did not mention was San Miguel de Allende.

I'm in area that has a huge summer season (Lewes, Rehoboth, Dewey Beach DE). 

Other than that, mistakes related to expenses are common, and not electing things like the De Minimis Safe Harbor election, which can save you if you get audited.An option you might want to consider if you do your own taxes is at least have a tax professional review your return after you complete it (but ideally before you file it). 

I have a 23 unit condo building in Chicago, and I currently own 22 out of the 23 units with the intention of buying out the last unit. I have heard from some people, but have not gotten a definitive answer, that going...

Hi @Steven De Lange,   Thanks, yes, it works fine with a full-service property manager - would be nice to be able to find that rent collection service a-la-carte...

I own a single-property home in Delaware.

Prices skyrocketed from massive government actions and those actions first stimulated demand and later de-stimulated supply.People are not buying because they have more knowledge now...it's actually the opposite, transactions are at record lows.