My intent is possibly select this CPA to do my taxes for next year. 

Couple questions i have regarding setting up and LLC and tax implications:1.

This facilitates portfolio growth without the need for significant new capital.Tax Benefits: Real estate investors may benefit from various tax advantages, such as depreciation deductions on the improved value of the property, mortgage interest deductions, and other allowable expenses.

We heard that there is a way to rollover this money into the downpayment without withdrawing the money directly and it being taxed as an income for my grandmother.

I can't tell you how many new clients have come to me that lost thousands in tax savings because they didn't talk to a REI tax specialist. 

Stable english speaking democracy and ownership of the land with ultra low property taxes. the key here is financing cannot be contingent on W2 due to other investments that we are covering with this income.

This all gets turned over to our CPA for tax prep.

My thoughts are long term rental near a college that has new construction (5 year tax abatement other incentives). 

Just my two cents the after tax considerations are cherrys ontop.

ForeignYou have to next step give your social security# or tax ID, address where you file, AND passport, driver's license...so giving an EIN does not keep your name, address, date of birth, country of origin etc... out of the system.A tax ID leads to the filer who is a human.