I don't do anything in downtown proper, so unaware of any alternatives for people who are into that scene.

Okay so now he's having some trouble again and wanting to come over and discuss how to ensure my wife and I retain the land, we don't have enough money to buy it for cash, or loan, for market value nor a reduced cost for work done already.

Hi Meredith,SFRs in Ann Arbor proper are an appreciation play. but cash flow in the surrounding areas can be great.

Who ensures the accounting of mortgage (principal reduction, interest paid) every month?

If you approach them properly, they'd probably be willing to share info with you to get you going.....

Whenever you are buying a property out of state or in your case out of country you should do a few things to ensure it's as smooth as possible.

The LLC is a pass-through or entity, so it is ultimately recognized as part of my single tax return.After all factual and legitimate accounting, the tax exposure can be significantly minimized with proper planning, documentation, and execution.Again, I’m not a tax professional and I don’t play one on TV.

Here, the title company will prepare all of the closing documents, tax pro-rates, mortgage payoff, etc, pay everyone that needs paid, record the documents properly, etc. 

The Houston economy is one of the biggest and fastest growing in the Nation/World so it is a great place to invest if you take the proper precautions.Here is one: http://www.harriscountyfemt.org/This is an interactive flood zone map.

If you're looking to manage your own homes and perhaps start a property management company, it's a great idea to get a job at one in your area, as you'll gain a lot of useful knowledge and can ensure that you handle future situations legally, correctly, and efficiently.