The aim is to expose businesses attempting to conceal illicit gains, thereby identifying those involved in criminal activities.As for a Home Owner Association (HOA), whether it needs to comply depends on its legal structure and tax status.Most HOAs need not file, except 501(c)(4), which probably need to comply.Who is Exempt?

If the foreign tax obligations is $500 and the cost to file the C-Corp is $1000.It may potentially not be worth it.How does the cayman islands tax rental income from the US?

We also wouldn't recommend trying to DIY manage.Most S8 tenants will be Class C and Class C properties are extremely difficult to manage remotely!

@Daniel Curtin the area is a solid C class area.

This was in a C+ area of 38128. 

The property is in I would say a C+/B- part of town. 

But they won't be 1 percent in a year or two years because C- to D+ properties have trouble tenants (sometimes) and high cap ex.

Not having to go find a good cleaner and handy person, proof of regular maintenance on the hard systems (A/C, Furnace etc) helps.

If it's in a class C neighborhood and you don't care about the exterior look and tenant doesn't mind it, give it to the tenant.

Column A - year Column B - total units that year, adds previous year total to new units added in Column CColumn C - new units added that yearColumn D - $60k per unit value added for that year (assumes it stays at $60k per year which is wrong, but you could tweak to have it match the 2% inflation from columns E & F)Column  E - takes previous year value from column F and multiplies by 1.02 or 2%Column F - Adds columns D and E for the current year.