So, I wanted to see how it’s typically done. 

I typically recommend beginning with a prequalification letter so you can have a solid understanding of your purchase power in the U.S., which will help steer you into the right markets/areas for investing.

Which of these options you feel applies to you?

Typically, they'd be looking at your FICO score, experience, and liquidity to qualify you/the property. 

Zoho is a good option if you have the time to customize it.

Here’s a brief breakdownof a few options:     Land Loans: These loans arespecifically designed for purchasing raw, undeveloped land.

@Beth Julen  Yes, you can amend your return, but you also have the option to file an automatic change in accounting method using Form 3115, which does not require amending any returns

I typically use a local bank as the operating account for a property, and then if I own the property 100%, I will have a savings account that I will use for my reserve account for all of my properties.

All we ask is that you reach out directly to make us aware of the situation so we can review all available options and to fully understand what your goals are.

I can't self manage a property in Florida living in Missouri so I really have no option there.