Examples of businesses with significant tax complexities: oil & gas, import/export, cannabis, bars/restaurants.

The idea of renting 16 rooms by the room to college students means a couple of things to me as an owner/landlord:1) There will be high turnover which puts A LOT of admin work on you2) The property will likely not be treated with as much care as more mature tenants leading to higher repairs and maintenance costs3) They will take 20 minute showers and will leave the windows open and the AC running in July; much higher utility expenses as @Carolyn Yates mentioned4) Overall headaches of potentially having to shut down parties, etc. and other associated liability concernsLastly, if you're saying that your overall cashflow would be $500/month after you moved out after a year of occupancy, I would ask you to then consider how much time you think you'd be spending writing leases, screening tenants, handling issues, etc.

We ended up getting about  16 hours away from closing, I ask the buyer's agent when they wanted me to shut the utilities off.  

This would mean that you may have a house or even a new construction property to move into, but there might be highly limited or no restaurants nearby to eat at, no great shopping options, and limited access to the things you need daily such as gas stations, grocery stores, etc. 

The LLC's goal is to own multiple properties and eventually open a restaurant once I am back in the States.I am curious to see if anyone has any tips on how to maximize our capital.

Prior to that, I had been a lifeguard and pool manager at a local country club and also had waited tables and served drinks at a restaurant & bar.

If they aren't licensed they will probably be fined and shut down. https://pr.mo.gov/realestate.a...

5,000 SQFT 2 Story Historic Brick Building. 2 Apartment newly renovated. 1 Gift Shop, 1 Restaurant w/ Bar, 1 Office area, All Restaurant and Equipment included plus tables and POS system.

Wanna-be-entrepreneurs are a dime a dozen.Whether you are looking to-Invest in real estate-Open a bar or a restaurant-Open a service shop (hair salon, barber shop, mechanic, jeweler, dry cleaner, etc)-Start an online business (amazon FBA, dropshipping, content creator, education, etc)-Build a car rental fleet-Become a real estate agent-Build a landscaping route-Build a pool cleaning route-Start a vending machine business-Invent a new product (i.e. shark tank)-Etc etc etcAll of these pursuits can still be profitable, but there is just more competition than ever before due to the exposure and all of the relatively simple business models being exposed online.Real estate has fit into the bucket with all of these "simple" business models because investing in real estate is a very basic, simple concept to wrap your head around.

they argued it was emergency  blah blah,well, I argued , nope , the emergency is shut off the water and have tenant move to a hotel or something.