I learned that there are great opportunities to purchase low maintenance, fully remodeled homes in places where there are high quality management teams in place that can produce nearly passive income.

Kinda fun tbh.I ended up having 2 people just from talking and lifestlye (pets, kids, jobs), I picked one as they have a more consistent income and did a vetting on credit/background for around $40.Within 3 days, the vacancy was filled.RenovationNo property is perfect.

Typical rates are 8-12% of income either monthly or yearly depending on manager.

Nothing wrong with renting out rooms which is called (Boarder income). 

Also, setting up one of the units as a medium term or short term rental to increase income.

Adding a negligible amount of tax revenue through income?

What investment choices would you recommend to offset W2 income taxes?  

The rest of my tax/income situation is very basic.

@Account ClosedIf you receive a gift from a foreign person of USD100k or more, you would need to file Form 3520 to disclose it but a receipt of a gift is not subject to income tax.

The franchisor is incentive is too place as many locations as possible in an area to maximize royalty income and franchise fee income, up to the point that the franchisees are no longer profitable,  The franchisee on the other hand wants as few other franchisees in his area as possible since he has almost no concern about the franchisor maximizing their income, he wants to maximize HIS OWN net income and franchise value.