What is the tax treatment with respect to reporting, depreciaiton, etc.

Tax benefits, good investment possibility, cashflow.

All commercial loans will now have new covenants if borrowers do not provide timely personal financial statements, personal tax returns, business tax returns, rent rolls (if applicable) timely.Personal financial statements and rent rolls (if applicable) are due within 60 days of the expiration date of the personal financial statement.

Income tax: A foreign investor receiving rental income from U.S. real property must pay income tax.

I agree, if i have done my math right, i should be able to buy 4-5 houses with the 6th house having a 250k mortgage due to the 1031 exchange rules to avoid the boot.

It may impact the loan and will require you to pay transfer taxes based on the assessed value, deed prep and some additional accounting fees to address basis.

Me "Well if you know all that let's work together and you can show me what to avoid;-)"relative "I'm busy, I'll get back to you later..."

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Please keep in mind for tax purposes LLC are passthrough by default.

Every $100k in gain up to the limits, $250k (if single) or $500k (if married) will save you $15k in federal taxes and I’m guessing $5-10k in state taxes?