@Daniel OropezaI recommend finding a tax strategist who specializes in real estate taxation.

I would do a quarterly inspection since they are college students. 

While the general principles regarding LLC ownership, asset protection, and taxation may apply universally, specific legal requirements, regulations, and tax implications can differ from state to state.Good luck!

@Hari JacksonI recommend finding a tax strategist who specializes in real estate taxation.

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.These syndication can provide an 8%+ cash-on-cash return - providing you monthly cash flow - and a 15-20% IRR over the length of the project.

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But I have long term thinking, not quarter to quarter.

He showed me his cash statements and had a quarter of a million dollars in his checking from a recent inheritance of a deceased family member.

If you have paid the overseas lender 5% and didn´t withhold anything, the IRS will still want that 30% when tax returns are being filed.As long as they are in a country with a double taxation agreement with the US, then they should not have to pay the same taxes twice, but again, it depends on their location and personal situation and both borrower and lender should seek professional confirmation.

Be prepared the do quarterly walkthroughs or drive throughs.