The math would look something like this.BEFORE TAX CASH FLOWNOI: $50,000Mortgage : ($35,000)Cash Flow : $15,000AFTER TAX CASH FLOWNOI: $50,000Interest: ($5,000)Taxable Income: $45,000Tax Rate: 37%Tax Liability: ($16,650)Before Tax Cash Flow: $15,000Tax Liability: ($16,650)After Tax Cash Flow: ($1,650)As you can see, in these circumstance, a before tax cash flow doesn't answer the entire story. 

Ive read other bits on the forum about pros and cons of some options but not much i could find regarding circumstances for foreign investors, and if anyone knows could our situation be improved with my wife on the loan/title. thanks in advance for any suggestions 

Lots of good advice on the thread; your specific circumstance will dictate the best option. 

Hello Cody,While texts aren't legally binding documents, they can still hold up in court under certain circumstances.

Given the unknown circumstances and effects of coronavirus and all the talk of an even worse 2nd wave hitting November/December, am I crazy to consider this?

@Dustin Turner I am set to close on my first STR in Pigeon Forge next week and planning to buy more barring any unforeseen circumstances. 

Meanwhile, next month he starts neglecting rent payments all over again.I always found that GOOD tenants love the flexibility that the MTM lease affords them if their personal or work situations changes.

That was based on my own unique circumstances.

I would also suggest using a feasibility clause with at least a 14 day period, I would not be to greedy with assignment fees typically I see ($5,000) for the contract assignment depending on the circumstances.

The new property was used as a rental for about 6 months, but circumstances changed and I ended up making it my primary for the last 1 yr and 9 months.