BTW, the rental property is cash flow positive.Bob,My firm's managing partner wrote the IRS guidelines for cost segregation, so I've got some insights for you.

My partner and I have been investing in OH for about 5 years now, we are cashflow investors and have over 20 doors consisting of SFH and duplexes in OH.

I had an interesting topic my business partners and I have been discussing for quite some time and I would like the advice of you all.

Purchase price: $650,000 Cash invested: $138,000 My business partner and I picked up this 25 lot mobile home park in Owensboro through a wholesaler.

I am working on a plan with a partner to develop an area, but we have never had to start from a blank slate. 

I am partnering up with a good friend of mine.

If you plan on going the hard money route, most lenders will require an experienced, licensed GC to complete the rehab portion.Do you have the option to bring on an experienced partner for your first that can show you the ropes?

Have someone physically there to check on the property and partner with them, etc.I'm not a lawyer and this isn't legal advice, but foreigners can setup US business entities in the United States, and not have to be physically in the United States.

This LLC has you as the managing member and 80% owner and can purchase investment real estate of your own or with other partners.

I could easily train virtual assistants to handle these payments and have an app created for encrypting sensitive data for facilitating the transactions through financial service partners from my main line of business.