What are some tips on what type of property to acquire and renovate that is likely to sell faster?

Make sure to look into supply, insurance, taxes, etc. if you invest there.

This includes mortgage payments, property taxes, insurance, maintenance costs, and property management fees.

Foreigner investors can either pay a flat tax of 30% of their gross rental income or elect to file an annual US tax return and reduce their taxes by claiming deductions relating to ownership and managing the property.

Essentially, people could donate money and get tax deductions and then that money could be pooled to buy property, fix it, rent it and pay a manager.I’m assuming it would be similar to a self invested Ira.

As far as your tax questions, I would personally refer you back to your tax advisor or refer you one if you need it.

Had I listened to their advice, I'd be in a much lower tax bracket and have a much lower net worth. 

Make sure to pick houses that still make money after you pay all bills, like the mortgage, taxes, insurance, upkeep, empty times, and management fees.

Assuming you have owned the property for less than 12 months the real number for cash in the bank will not be $50K because of the taxes you'll pay from Short Term Capital Gains. 

JP Morgan once said MArkets exist to transfer wealth from the impatient to the patient those articles are just the tip of the iceberg with Mr.