Plus the mortgage company probably calls the loan, and if you can't pay it off then you can lose the property.

Hopefully someone with tax accounting knowledge can jump in here with more detailed analysis, but I looked at this a bit several years ago...1) You still have to pay the depreciation recapture on the sale decreasing the net benefit of this approach due to the large tax payment in the 'sale' year2) The LLC would need to not be a passthrough entity so that it can be taxed separately from you, so you have to add another tax return cost for the years going ahead3) Taxing it separately from you likely means corporate status and corp. taxation rates which are higher than yours and I've heard many times over the years to avoid titling real property as a corp...Overall from what I've seen this only makes sense in a select few scenarios, which for most people aren't in play. 

That's disappointing, I'm here to learn and would happily pay for it if I used it extensively.

Pay everyone more than what they make now at their construction job, be kind, and give them bonuses based on completion, and they will never leave.   

Ran the numbers through two different spreadsheets and am very aware of how much we'll pay to the PM.

She said that if I pay $42,000 for the next 18 months, that she guarantees I will at least get this 42,000 back by the end of 18 months but probably much more. 

Use Real Estate By the Numbers as your guide, make sure it tracks the loan pay down and depreciation and have all of those numbers pour into a Schedule E.

One would also pay 10% ish fee to convert foreign currency to USD.

If your paying cash to buy and rehab then refinancing I get that.. but your still paying for two closing costs.

If you aren’t saving the money up to buy another property chances are nothing will pay a higher rate than paying it towards your mortgage.