Best practice is to have equity that you can sell if this happens or you are positive your W-2 income, good credit and equity position will allow you to refinance fast to another lender in the future if this happens.

Investing in passive income and venturing to other business ventures.

One element you must incorporate into your search is income predictability. 

Hi Kostyas, I am in a similar situation as you but have avoided the substantial presence test so far.May I ask how your foreign income is treated in the US?

I can't seem to find any advice on the web regarding this set up.

I can see that this will do well in similar locations where rents are highest and people are looking for additional income.

So basically the application downloads my credit card and rental bank account transactions once a week automatically, then I take 5 minutes to tag each transaction with the matching property and then categorize with the expense/ income type.

All the breaks go to LTR and ACT 60 (Cap gains, interest income).

I also live in Tomball and have a similar need for a CPA with heavy RE / investment income experience.Matthew

@Matt LeberYou're mixing together two completely unrelated taxes: IRS income taxes and local property taxes.