So, even if the property performs 10% better, the returns on the waterfall can change significantly more or less, depending on what side of the deal you are on.IRR typically looks at the complete lifecycle of a deal which is why it is called Internal Rate of Return. 

I am a Canadian investor looking to start buying multiple properties in the US, I am wondering if anyone knows anything about tax laws and tax procedures that need to be done when investing internationally.  

Now when you have other partners involved, I generally think LLCs are a smart idea not only because it protects against both "external" and "internal" liability.

I'm interested to know what the different options are for buying property internationally.

If it is an international traveler, the bank fees on VRBO are substantially more than the service fee charged by Airbnb and this is on top of the annual membership fee that VRBO charges!

https://wearegamechangers.com/en/its-always-sunny-in-texas-with-austin-huges/(My name was spelled wrong, but it's okay)I built out my awesome automated system in Podio, and am looking to bring on an intern to polish it off. :) Happy to chat about Podio & automations with any of you.

Another one could be large international companies with long track records, like Microsoft or Boeing?

Casinos, timber land, office buildings, retail, international airports...

Internal Rate of Return:  The Microsoft Excel XIRR function returns the internal rate of return for a series of cash flows that may not be periodic. ... just feed it dates and cashflows (positive or negative). 

Once you’ve read enough T12s and understand avg expenses per door whatever market you’re in, you will better understand your proforma and how the property would operate You can simply take out the perceived capex line items, then categorize as Capex/Major Repairs (roof replacement or repair, re-plumbing, repave parking lots, ac, electrical, interior & exterior Reno) Expenses (taxes, insurance, service contracts, management, utilities- wst, turnover, legal, maintenance, G&A, payroll) Now take the income minus expenses.