I recently toured a property in Phoenix where solar power and water-saving features cut operational costs by nearly 20%.6.

@Joelvy De La Cruz No problem, sent!

In General:The statutory exception applies only to joint ventures (but not a separate entity) between spouses and also requires that Each spouse materially participate in the business of the joint venture and That both spouses elect disregarded entity (DE) treatment.QJV treatment is available to spouses in any jurisdiction (community law state or not) provided the requirements of the statute are satisfied.Regarding LLC: Non-community: LLC with husband and wife cannot elect to be taxed as qualified joint ventureCommunity State: Husband and wife LLCPer Rev.

@Sofia De Santos Tavarez if you haven't already, have the property professionally inspected.This should catch MOST of the structural, health & code issues - but not all.

Ask any asset protection attorney, and they will recommend WY, NV or DE as best states to use.

Went through extra fast because the developer really had no other good optionsI doubt we'll know the full details for years to come but I'm curious if you have an opinion, or if there's other probable options C,D,E I could be missing as just a public bystander to the situation @Rene Hosman It's very rare that anything gets done quietly behind the scenes.

Over rehab de property and it wasn't the ideally neither

Not that I plan to live in or even visit the US anytime soon, but I don't want to deal with winter-related issues like heating, de-winterizing a home etc. 

Solar panels are also increasingly popular, especially in states like California.6.

Quote from @Sofia De Santos Tavarez: Hi, my husband and I are new to real estate investing and have a property we are renting out to tenants.