Any proceeds would be taxed as income, however all your costs would be deductible as business expenses (cost of goods sold).How you will be taxed in the U.S.A. is best explained by @Brandon Hall or @Steven Hamilton II.How you are credited for that tax when you repatriate your earnings is covered here.If this venture is to be more than a one-off occurrence, then you may want to invest some time and a few hundred dollars with an accountant and attorney here at home who specialize in cross-boarder real estate / business.  

-Can you do it under a Joint Venture with your LLC?

Best of luck with the start of your venture into real estate investing! 

I have actually grown my relationship, since the last post, and now am moving into joint ventures with the guys from Ashmore Partners.

You will find plenty of resourceful information pertaining to wholesaling via this platform.I wish you the best of luck in your venture!

Eventually, if I do decide to venture the turnkey route, I'd love to come back home and invest here.

@Christian Wathne I agreed with @Dmitriy Fomichenko , with self directed IRA options, you have more freedom on where you want your money invested in, instead have somebody else decide for you, and you also need to check how much they charge in each transaction, some investment firms are shaddy on their fees, plus you can also have others self directed IRA combined to invest in Real Estate or other ventures (*check the rules for what's allowed)  Not only self direct IRA but you may also use HSA (Health Saving Account), I'd suggest give few firms some call and get some details. 

I'm looking to do ventures in Property Wholesale.

I'm currently in the process of looking for strategic partners to joint venture with.

My thought is that if I start this new venture in the vacation home without mortgage I will be better off to absorb the unpredictable occupancy rate.