I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

Depreciation has recapture tax (at least in the US), so it's not always all it's cracked up to be.Cash flow and forced appreciation for the win

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

@Jonathan SantiagoThe tax difference between capital gain vs ordinary income is HUGE.Capital gain - Preferential tax rates if long term at federal level, subject to regular tax at state levelOrdinary income - taxed at marginal tax rates at federal level + Self employment taxes + state taxesIntent is what differentiates between a real estate sold being subject to capital gain treatment vs ordinary income.

I'm getting highly differing feedback from my lawyer and CPA on the proper structure and taxation of Texas Series LLCs.

(There's a bit more to it, including an understanding of her total other income sources, possible taxation of capital gains at 0% for certain income levels, etc. 

Also, you will get the benefit of pass-through taxation, so your income is not taxed twice.Good luck! 

Many ways to skin this cat and avoid double taxation.

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

This means you can not get a mortgage..to be able to get a mortgage in US, instead of waiting for one year, you can file the W7 case h: mortgage for property investment, attach a enclose a letter from a mortgage provider that says you need an ITIN to get a mortgage.The elephant in the room: how your domestic jurisdiction treats US incomeSome tax jurisdiction (Hong Kong for example) apply territorial taxation, which means that only domestically sourced income is considered for tax.