Material Participation Activities:
Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.
Contractor Management: Oversee the hiring and coordination of con...

Hi Charlie, I actually have some nice Irvington rentals an investor is looking to sell off market.

@Eric Kahn Gale both quotes sound pretty reasonable actually.

It normally takes 4-6 weeks for a W-7 to be processed by the IRS.Here is a link to the IRS website, listing Certified Acceptance Agents by Country:IRS Certified Acceptance AgentsUpon receiving an ITIN number from the IRS, a copy of the IRS letter showing the new Individual Taxpayer Identification Number (ITIN) must be sent to LPM.Note: LPM will not manage rental property for foreign owners who refuse to acquire an ITIN number.Form W-8ECIThe Internal Revenue Service (IRS) requires property managers to withhold 30% of gross rents to ensure foreigner investors will file a tax return at year end.

I have a friend who would has experience that would actually build the house. 

If you don’t want them to manage it after they find the tenant, just find a PM that offers that service. 

I have found anyone actually serious has a few questions before applying, so I have started only sending applications to people I have had a dialogue with beforehand. 

The issue with using comps on any type of software, especially propstream or dealmachine is that they tend to use an "estimated value" of the homes that they are using for comps, not actually comparing to what has sold recently in the area or what is currently listed, not accounting for DOM (day on market) or other market shifts that play into realistic valuation of a property.

When you start reading about this and searching the internet one thing I find is true... there are many LLC formation services that claim to do a bunch of stuff, several of them sell expensive "education" packages which just get a foot in the door to sell more services, and other do-it-yourselfers (legal zoom)ut.  

If both properties are around 250k  what are the typical cost for the segregation studies.Please suggest reliable cost segregation engineers that service East Texas.