LLC potentially exposes to me Self-Employment Tax; an S-Corp election requires the payment of a salary; my preference is to avoid either.  

If it ‘works’ at 8% it will work at 6% but it will be a lot more competitive for buyers when rates drop further..

Recently we've found seller(s) to be increasingly receptive to concessions of up to $20k towards buyer(s) closings costs.

This typically provides more comprehensive coverage for rental properties.Entity structure:Creating an LLC to hold the property can offer liability protection and potential tax benefits.

As long as you're not discriminating against a protected group you will be safe to decline potential candidates who don't meet criteria.

Unless the home seller / buyer has extensive experience in real estate THE HOMEOWNER SHOULD NOT DO ANY REAL ESTATE TRANSACTION UNLESS HE UTILIZES THE SERVICES OF AN EXPERIENCED REAL ESTATE ATTORNEY. 

I've been researching the Colombian coast and believe there may be potential to create a destination similar to Tulum, Mexico that would attract international tourists.

When the buyer defaults, the seller's credit is trashed, the lender forecloses, and the buyer loses the property.

So rentability is a factor for investment as well has potential to build good equity.

If you have the time, door knocking and speaking to potential sellers face to face is they way you will break through the competition.