This niche is very foreign to the investors here for a multitude of reason - class, race, socio-economic familiarity, culturally, etc.And I don't think they are necessarily wrong for that!!

I know free and clear sounds attractive but our "money" is like an electrical current (hence why it's called "currency") and if it stops moving it dies. 

Without a doubt, the city is shown in a rather "sexy" light and probably has a lot of hurdles for foreign investors but I was just curious as to what this community's thoughts were. 

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

Does IRS have any constraints on bonus depreciation for foreign STRs?

However, you will most likely have to register as a foreign corporation in Ohio under the facts above as a condition of getting financing, etc. 

Some local banks will not open accounts for foreign corporations.

If you're told, you'll be moving for good into a foreign country, which language you don't know, what do you do?

I filled out form SS-4, nominating myself as a ‘Foreign-Owned US-disregarded entity Form 5472’.

I don't know if carry forward depreciation shields this, but I figure in this forum, there is a higher likelihood of people qualifying than in the general public.The thing is, we don't know the true cost yet, because a) not all the regulations are written yet, b) they deliberately set it up so that taxes were to be collected for 10 years but benefits not paid for first 4 years and CBO can only score 10 years into the future, and c) there no way to predict what companies will drop health care plans and force us to buy government insurance.Whether you think we need government controlled health care of not, I go back to my principle point: if its constitutional for the government to force us to buy insurance because we are US citizens, then they can also require us to buy broccoli, hybrid cars, more than 25% foreign goods, and work specified hours.