Hi,As I understand, the inheritance tax that a foreigner has to pay to inherit a property from another foreigner is 40% from the excess in the market value of $60k of the inherited rental property located in the US.To mitigate this low exemption compared to US citizens, I am thinking of establishing a general partnership.

@Raeline Scott The first thing I would do is evaluate the demand for these lots and compare them to other lots in the area. 1) You mentioned the lots are on a mountain, Is this a resort mountain area?

In fact it would take years to make that much from cash flow.Using your numbers:$150,000 property$30,000 down + $30,000 repairs = $60,000 total investmentAfter repair value $200,000 = $20,000 in equity gained or 33% ROI + cash flow$200,000 property$40,000 down + $0 repairs = $40,000 total investmentAfter repair value $200,000 = Only return is from the cash flow as compared to the $40,000 you put downIt seems to me that fixing up the homes made you far wealthier.

By placing Rental B into LLC BEFORE taking a mortgage out (or equity line out), am I likely making it harder, easier, or same to get this property financed (traditional commercial against residential property) ??

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I've gathered it's through finding comparable places that have sold recently.

Be ready to refinance with more traditional methods or flip as soon as possible.Yes, people did used to do that, but I doubt if that technique is still much in use today.

Non-warrantable condos require higher down payments than traditional financing. 

Hey BP community,I know that the 203K FHA loan has been recommended several times for those that are just starting out with their first home (and possibly for those that are still in college and don't have the employment track record that they look for when qualifying) but I just wanted to know if there were any other loans out there that are comparable to this loan and what the differences would be.

Also it doesnt show up on either your personal nor business credit reports enabling you to use the money correct what may be holding you back form from traditional financing.