@Munjal Adhvaryu we have a lot of Canadians investing in Detroit because there's only a river separating the USA and Canada.So, we're very familiar wth LLC and tax requirements for foreign investors. 

This may save you six figures in taxes!

I wouldn’t sell most of my properties for double the tax assessed value.

If you are buying in your own name, then obviously you won't have this as a formally separate entity.But the bookkeeping will be so much easier at tax time if you set up bank accounts for the rental property separate from accounts you use for your personal expenses.

My debt/income ratio is lower than it really is because I own alot of rentals so for tax purposes and depreciation, my taxes dont show the whole real picture.  

Besides that, my taxes are relatively simple, W2 job. 

My father in law would say Yes, but that is also why we don't prepare his tax returns.

There also may be ways to enjoy some tax benefits in other types of taxes like gift and/or estate taxes, depending on your goals and family situation, if those are topics that you want to discuss with your estate planning & tax attorney as well.

Try to get most of your learning out of the way before you try to do a transaction.Buyer seller agent    Commission splitNo subject to financingZoningMarket 3/2 2/1 parking school districts addl ADU property taxes insurance flood zones etc etc.  

I have been monitoring and researching the Tax deed process in Texas for the last 6 months.