I understand north is more expensive than south.

We're struggling to understand how exactly to do this. 1.

However, you are able to depreciate the building and its’ components.The land value is utilized in a cost segregation study and it is crucial that it is accurate so that it does not result in incorrect depreciation calculations which would open you up to the risk of an audit if it was overstated or you would miss out on tax savings if it was understated.So, we now understand the importance of the land value, but how do we calculate it?

Your taxable gain (based on income) would be $68,500 at averaged (13%) = $8,905I'm not a CPA, but this is a rough understanding of your position - hoping someone destroys this breakdown. 

It is a very intricate market for sure and it takes a lot to understand it but with the right team in place, it makes for a great place to grow a portfolio.

Hi Twee, I'm local to Miami and have a good understanding of the Miami Beach Airbnb regulations.

I read somewhere about setting up US LLC - but I don't know how quailified the person was - my own understanding is for a Canadian to set up US LLC, we will be exposed to double taxation.

Long story short, after doing the math it would take roughly 12.5 years to get our offer amount by renting; yeah we understand homes usually appreciate over time; however in these current times where demand is super high; and all the red tape surrounding landlords; Id say cut sling load and sell.

I now understand the island dynamics pretty well, i am also a British virgin islands resident.

I have reached out a Liberty Tax, H&R Block, a local account to help me understand how this return should be completed.