Before I rent a place it functions perfectly and they are remodeled with the idea that I'm renting to knuckleheads, so all things are accessible, repairable, common, and not high value.

If the foreign tax obligations is $500 and the cost to file the C-Corp is $1000.It may potentially not be worth it.How does the cayman islands tax rental income from the US?

CA has $800 LLC fees, and you will have additional expenses of tax filing etc.

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.

@Cynthia Leite Not sure how to attach a file here so I just sent it that way, let me know if you'd like to have it via email.

My LLC is already created and I am filing for the EIN and was held up on this 1 or 2 member step for these reasoning.

If you buy an outdated smaller 2bd/1ba home for $150,000 in an area where remodeled 3bd/2ba homes are selling for $300,000, and you know it will cost $50,000 to update the home and add an extra bedroom and bathroom, you can be relatively sure you will be able to recoup your investment. 

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

Hi Tony:The best way to handle is to visit the city planning department which zoning is usually part of to see if a variance is granted, and examine the plans filed.

You will know that the remodels are done well/properly, so you can hire out the PM piece and move forward.