What are the most important questions I need to ask the owner when I make the initial call?

In the short time we have be in business, we have generated more opportunity for investment than we have investment funds.

I am currently generating around 30-40 rent to own leads per day for my local area.

If your mutual fund falls by 10%, you still have 90% of your money.The upside to real estate is that it can generate income, if you buy right.

Your initial analysis was correct, except for the small math error

Overall the general treatment is the same; however, if you have to pay income tax on the income generated then you will need to fill out Form 1116 Foreign Tax Credit.You will also be using a longer depreciation method.

Here's an idea:Start writing down everything you do and experience in your new adventure (all the trials and tribulations and achievements and so forth), as well as how you started, including how you came up with your initial six grand.Then, after you acquire some properties and become financially independent -- WRITE A BOOK.

My goal is to start acquiring properties and renting them out to generate some passive income.

in my experience all web-generated leads are either non-motivated or have very little to no equity.

I will pay him back his initial investment upon the sale of the property, and I will keep the accumulated rental income.