This includes individuals who primarily have W-2 income from employment, basic investment income, and perhaps own a home or have standard deductions.Rental Property: If you have one or two rental properties and feel comfortable managing the related expenses and deductions, tax software can handle this level of complexity, especially if your transactions are straightforward and well-documented.Complex Scenarios: Hiring a CPAWhen to Consider: As your financial life becomes more complex—such as owning multiple rental properties, running a business, dealing with investment incomes, or having special tax considerations (like inheritance or foreign income)—the benefits of hiring a CPA increase.Cost Consideration: Hiring a CPA typically costs at least $1,000 to file your taxes, which can increase based on the complexity of your return.

Specifically:- Are there any exceptions or tax treaties that could eliminate or reduce my US tax burden on foreign rental income that is otherwise taxed locally?

I work with a lot of foreign folks who invest in multiple countries or live abroad.

I know not all states allow them, though I've heard that some investors will form it in a different state and then register it as a foreign series LLC in the state where you hold the properties.

The individual is a minor child, as defined under the law of theState or Indian tribe in which the domestic reporting company iscreated or the foreign reporting company is first registered. Yes  NoSpecial rule for minor child: If the answer above is yes, the reporting company may insteadreport information about the parent or legal guardian of the minor child.Note: This exception only applies if a parent or legal guardian’s information is reported in lieuof the minor child’s information.

@Nathan Asher Robson I would look into currency hedging products.

Here's an overview as well as my understanding of the tax implications.I'll start with the US Tax implications:As a foreign investor, you’ll be subject to U.S. federal income tax on the income generated by your U.S. real estate investments.

Things that are common in the U.S. are difficult in the islands, such as U.S. corporations and LLCs are considered foreign entities for tax purposes in the Territory which can cause problems and delays when you go to sell. 

Do you know as a foreigner if you can open a bank account there? 

Which is a one world govt, currency and ultimately religion.