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.

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.

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.

You may lose your tax benefits by transferring into the LLC, and have to pay capital gains tax on any gains you have...talk with a CPA about this.

DSCR (Debt Service Coverage Ratio) loans will be a great tool for you to utilize for your rental properties.

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. 

Sometimes it makes more sense to invest through a debt fund that has operation systems in place and most importantly relationships with more established borrowers. 

We are looking for recommendations on a good Lawyer and CPA that practices real estate law, taxes and strategies.

Its interesting what the county is doing with the new tax on landlords.

Given their proximity to a major attraction like Yosemite, these counties benefit significantly from the taxes generated by STRs, and from what I can tell have no intention of restricting them across the board.