We bought the lot in December and were pretty much ready to begin construction in March when COVID hit.

I would say @Alex Uman and @Ryan Howell hit it on the head.

It’s legal to start the equivalent of a German corporation to reinvest proceeds to give you a potentially favorable tax outcome, but there are a ton of special rules for U.S. citizens investing abroad, with Christopher and Matt above hitting the two biggest issues: antideferral rules under Subpart F and foreign account holding requirements.

Based on the Douglass Elliman Reports Manahattan has been getting hit hard by COVID.

@Corey McNabb, I've noticed the same thing (I'm in Forsyth County) there isn't a ton of multi-family comparated to SFRs and a lot of it doesn't ever seem to hit the MLS and other online resources.The only thing I've seen pop up here in the last year or so was a duplex in Cumming that popped up on Craigslist and a quadraplex on MLS.

The tenants  in the other unit were served an eviction notice just days before Covid hitting. 

I live in Austin Texas and looking to start bird doggin and learn the ins and out of it and learn how to wholesale when I hit 18

What I am hoping is that the only taxes I will have to pay even when paying myself, will be 2.9% total just for the medicare based on my original post since i already hit the fica cap from my main job.

With a portfolio lender, they carry the loan and have no limits on as many loans you can have as long as the debt service and rent hit a 1.1-1.25 debt coverage ratio.Let me know if you want to chat some more.

On the other hand, maybe you think you're successful because you don't know what you don't know and reality just hasn't hit you yet.