@Yamundow CamaraThe majority will advise you to use leverage considering that is one of the most powerful advantages of real estate versus other investment vehicles.

Other than an STR, I'd challenge you to find another investment vehicle/real estate investment that provides that, PLUS a roof over your head.Add that to the macro points from @Katherine Serrell and you're talking about some serious dollars a year of direct benefits to your net worth.

Or- better yet-  come up with the $8k somehow with a vehicle title loan or something so you own it outright. 

My takeaways are:- LLC does have financing options available, which I will explore before making an offer on another property- a 4% CoC return doesn't make sense if I'm not owner occupying given there are other investment vehicles which will be more passive and less overheadI'm going to back out of this offer and take some time to work with folks in my area to find better offmarket deals.Thanks a lot everyone!

There may be ways for the foreign investor to avoid this.If not, he may be required to apply for an ITIN.If one accepts a foreign investor into a partnership vehicle, the general partner of the LLC/Partnership has to make sure the rules are followed as it relates to foreign investors.

I'd happily pay $11k more to take home $9,250 and put that to work in another investment vehicle. 

I am employed full time and looking for a new investment vehicle outside of mutual funds, stock and bonds.We just purchased out first home in the Magnolia area as a primary residence and have been relocated close by (but to far to drive everyday) with my current job. 

My GC (who has nice vehicles with the name of their biz in water intrusion-restoration work, etc) and I were wrapping up the day at 5:40pm and I got a call at 5:45 that a neighbor complained that we were working too late.

I'm trying to figure out the most effective approach (chemical vs heat vs cold vs fumigation, etc).  

Instead of selling their vehicle I'll see them list it for trade.