Worst case if I have to leave the United States and work abroad, can I still have my house as a rental property after a 1-2 years and earn passive income from abroad even as a non-US citizen? 

If you aren’t earning as much from STR then MTR might be the way to go. 

If you have pre-tax and post tax Roth funds in the existing 401k, you will initiate a rollover into a newly formed Solo 401(k), with some funds dropping into the pre-tax bucket and Roth funds dropping into Roth bucket. 3) 3 benefits that I find many real estate investors are attracted to with the Solo 401(k): 1) Higher Contribution Limits (providing you have enough earned income) 2) Ability to contribute to Roth, without MAGI limits where you have to do a backdoor contribution, like you do a Roth IRA. 3) Exemption from UBIT/UDFI on debt financed real estate deals, this could be directly, or through a syndication type deal. 4) Now, we can proceed with, what about the caveats and qualifications to open and maintain a Solo 401(k): 1) You need to have earned income from the business/sole prop. that is sponsoring the Solo 401(k).

Its also good to know which programs are available and which ones suit you for your REI.You typically want to use the banks money and keep yours in savings or earning you interest.

Converting my garage into a studio: The conversion would cost approximately $20,000, and I could potentially earn $1,400 per month in rent.2.

If the continuing maintenance and repairs are more than you can afford and make the property cash-flow negative, I would sell and hope that the repairs I made and the appreciation would earn me some profit.

Platforms like Peerspace or Giggster can offer high payouts per booking, letting you earn with fewer ongoing responsibilities.Consider Selling: Selling could free up funds to invest in a property better suited to your goals.Each option offers unique benefits, and I’d be happy to connect you with resources to get started.

If your adjusted gross income (AGI) exceeds $150K and you are not classified as a real estate professional, passive losses from rental properties cannot be used to offset your earned income.

All of my properties are in LLCs and pretty much have been for my entire career.

BNBCalc partners with several data providers for short-term rental revenue estimates (Airdna), comparable properties (Airbtics), long-term rentals, tax information, and property information.Our comparable properties provider airbtics provides "revenue potential" estimates which it defines and calculates as the following:Revenue Potential is the revenue that the listing could have earned if it was active every day for the past 12 months.Formula:Revenue Potential: = (Revenue / Days available) * 365 Example: ($33,500 / 304)*365 = $40,222You can find more info about their data on their FAQ!