Seek competent, local, non-salesman angle legal advice on equity protection when you get there!

What I do have is two partners with verbal agreements to partner with me on buy and hold real estate.

We typically use it to find non owner occupied homes here in California and out of state property owners. 

What are the tax-implications for you as a non-resident?

. $350k purchase price with 20% down at 5.75% APR with a 7 year balloon amortized over 20 years non recourse.

Cash flow doesn't include non-cash transactions such as depreciation and amortization.Using $15k as a downpayment on a new property wouldn't be an expense for tax purposes.Your closing statement could be scrubbed for more favorable tax treatments (than 27.5/39 year depreciation), but the bulk will be capitalized.As Ashish mentioned, there are strategies to reduce taxable income, but what you're proposing won't.

I usually find pre-screening questions is helpful, and reduces you wasting your time showing the property to non-qualified tenants. 

I know some people iwth STRs and non seem worried. 

I am looking at a property that has a single family home and a secondary building that was used by the current owner for his business.  The property is zoned B1 which allows for the owner to reside there.The problem i...

I have the time and have been educating myself non-stop to the point of obsession with bigger pockets podcasts, webinars, youtube and Grant Cardone podcasts and youtube videos.