In the upper mid-west if you pay for the heat, then expect to be closer to 60%.

He has been nothing but a headache for my neighbors and the police, despite him always paying rent on time.

Right now my focus is simply to learn all I can and connect with people who are immersed in this world.

Would there be a capital gain tax to pay from the sale of the PR business once the U.S. real estate was purchased? 

I am trying to create a 100% pass through legal entity that will not be subject to any taxes or obligations to pay anyone within the entity a salary. 

The pros: - not having to do a major renovation from out of state- easier to get a conventional loan since the house is livable vs. a distressed property (would need to pay cash, do a hard money loan, some other type of financing)- can get a tenant in quicklyThe cons: - you don't know how good the renovation is, could be cosmetic without addressing underlying safety issues (plumbing, electrical, foundation, etc). - a home can pass an inspection but once someone is living in it and putting daily stress on the house (turning faucets on, light switches, turning on heat/AC etc), things can start to malfunction.

I would advise you sync up with a real estate-focused accountant to discuss further.

This debt type would throw economic projections for economists and increase the risk of lending for lenders.Phantom Debt is created when a consumer chooses the Buy Now Pay Later (payment plan) option when making online purchases.These types of payments are not currently reported to any credit agencies as debt which is why they have been given the term "phantom."

If you're paying on time they don't care if Santa Claus owns the house."

My guess is yes in which case, get a copy of the document and let the family pay the back rent.