Hard to say right off the bat which is a better option since it depends a lot on what you are looking for and your situation but speaking with a lender that understands the application of primary residence loans in multifamily will be important to help you find the right option.

There is no escrow included so I don't understand why it hasn't been sent.  

Real estate business structuring for now just create an LLC, and then moving forward work with your accountant on how to best utilize it for your personal situation, I cant say more then that without understanding your goals and what were going to use it for.

My understanding in any overseas investing is financing and land ownership are key issues. 

They will understanding all of the rules and regulations in what is needed to make it legal.

What do you understand about it? 

A good slogan to use to understand Cash Flow is:"The Investment doesn't cash flow.... but the INVESTOR does."

Hey @Brad Birky - your CPA could probably advise you best in this scenario but my understanding is that if it was bought as a primary residence you can get the tax writeoffs from the portion that you weren't occupying.

As I understand Federal Tax Lien will fall of after 90 days or IRS could redeem the property.

I will take the time to understand what kind of home you are looking for and works hard to ensure your specific needs and desires are met.At the end of the day it is all about the smile on the faces of my clients not the sale.I’m proud to be the real estate agent of choice for those who want a great experience buying or selling a home.