Two Views of the American Dream – To Rent or To Own A Home?

Did some more research, there are two regulators here: ADA (American Disabilities Act) 800-514-0301 www.ada.govFHA (Fair Housing Act)I called ADA.

no, there were not special forms needed. the canadian couple did not, of course have american social security numbers, but they were able to use canadian i. d. in place of that without issue. they purchased the house i sold them and others that they currently own in much the same manner as an american citizen does. i would have to agree with josh, it would be best for your friend to invest in an area of the U S that he can travel to easily. here in buffalo and the western new york area, the couple from canada that i speak of live in toronto which is about 90 miles away. pretty much an easy trip. of course you have to go thru customs on a regular basis which can trigger intrest from them because of the frequent trips, but once they get to know you and the issues that are a part of the reason for the frequent trips, its not a problem. 

When an LLC elects S status, its operating agreement and other documents must conform to the S corporation eligibility requirements.

I think the cool thing is that you took action and your are better off than 90% of Americans, great job on creating passive income!

@Alexander FeliceI agree, which is why it seems so puzzling that these large corporations are doing exactly that. 

@Jai Sookhakitchpermitting such a thing will be your biggest challenge.. most large quaries are owned these days by national type corporations that have millions and time it takes to get these permitted. 

I can see WHY no one wants to hand over agreements (even tenancy contracts) with all the variable "case law" that keeps these attorneys playing both ends of the field, and the Crown livery corporate subsidiaries, trying to 'bribe' the attorneys in D.C., to appease them inter / nationally, on down to their state, county and city... places of business.

   " I only buy for cash flow appreciation is just icing on the cake"that mentality has led many undercapitalized folks starting with their first rental house.. the banks may require some reserves when the loan is made then they do what most other red blooded Americans do and go buy stuff  LOL   not all but many. 

I use Sanatoga Corporation , located in Pottstown