When dealing with foreign investors, you want to work with a tax professional who understands international tax concepts such as FDAP(fixed, determinable, annual periodic), ECI(effectively connected income) and various Tax Treaties between the US and other countries.There may be withholding requirements on these foreign investors.

It could be a real limitation, a false concept or perceived obstacle in a very specific area.

You want at least a 30% margin above costs and the NOI needs to be enough to pay the debt service after stabilization and then some.If the project looks feasible from a financial standpoint the next step is to check with the city or county planning and zoning department to get an idea if your concept will work, if you can build what you would like to build and what is required for all approvals including site plan, building permits, proffers, water/sewer tap fees, bonding requirements, inspections, setbacks, lot coverages, parking requirements, height restrictions, C/O process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.

Same concept as a married person filing separately in 2018  and jointly in 2019

Before everyone starts to poke holes in my scenario here, I do realize that there are many, many costs that go into a deal, but I’m trying to illustrate a concept here…just pretend with me.

Dig deeper and talk to management companies, and see how long tenants tend to stick around in the specific segments of the market that you think would work best.Remember- if you research and base your decisions off of what every other investor on this forum does, you're going to end up banging your head against the wall trying to monetize concepts that have been wrung dry by the masses.

She taught me then that the touted concept of FIRE is achieved faster in financing deals NOT being a landlord & the rest is history.Good luck it's a great ride.

@Shelly Rutledge Stein this is such a wonderful concept.

@Russell Brazil I understand the concept but who is buying at these low returns?

@Michael Barcena I like what you are talking about in concept but the BRRRR strategy is designed to avoid traditional financing downpayment requirements...or at least limit your out of pocket money to an extremely LOW amount.