The primary purpose here is to network, as well as benefit from seminars that help investors feel the pulse of the multifamily market.

Tamara - I would simply like to ask if your purpose on the site is to pick a fight with Mike?

I formed an s-corporation for this purpose.

If it was set up for Medicaid or state tax purposes she wouldn’t be the trustee. 8)

Also expect that lenders can have restrictions based on the condo project (conversion vs. purpose built, number of rentals vs. owner occupied units are two key areas to check).John Corey

I need to know what structure and what business model a foreigner has to adopt to be accepted by the IRS for purposes of paying similar tax as residents on rental income and property flipping.I would like to thank you for your time for having read my request!

The IRS has blessed DST structures (given some particulars) as “like kind property” for purposes of a 1031 exchange.  

I am not sure how the IRS views a second home that was mostly rented out for investment purposes.

The IRS will not see that property as held for investment purposes.

Meaning you have held it for investment purposes, typically 1-3 years.