@Artur A. you're welcome.The general rule is you pay taxes in both Mexico and the US according to each country's tax code and then, courtesy of the treaty between the two countries for the avoidance of double taxation, you'd credit the taxes you paid in Mexico against your US taxes (related to the property only).If you invest in your own name or through a bank trust (fideicomiso), OTAs will withhold the tax to be paid to Mexico as a percentage of the gross income.

I am the co-host of a tax planning and strategy podcast.

In both results you probably end up paying the buyer’s broker 2-3% as the buyer probably signed a buyers agreement where they will owe the commissions if you don’t pair it. 

Setting up a separate bank account is also easy and free in many situations, this will allow you to keep things clean especially at tax time.

In CA, you need to pay the entitlement fees, gas tax fees, neighbor nuisance fees, walking fees, gas guzzler fees, street crossing turtle fees, and others I can't think of at the moment FIRST, and THEN you can apply for the permit to pull the actual permit. 

I have heard from some people, but have not gotten a definitive answer, that going through a deconversion process can substantially lower the yearly property taxes for the property.

What are the taxes like for 60-100k houses in Detroit annually?

I meet all the criteria for material participation and average stay under 7 days so I would be looking at a nice tax deduction against my W2 income.

Hello BP Family,I'm looking for some guidelines on doing STR mainly to help with tax-loss harvesting.

If you buy a property, what will the payment be after property taxes adjusted (also including insurance)?