So many nuances from property taxes, insurances, what does airdna or rabbit say, cost of internet, HOA, permit costs, local utilities, are you doing maintenance or is someone else.... 

For our customers, they fall under our business license and tax.

Good luck and Happy Bidding.https://www.tax.newmexico.gov/businesses/property-tax-overvi...

In normal circumstances, your suggestion about avoiding a MTM lease makes perfect sense, and it's a strategy we plan to adopt in the future.

You'll make a few mistakes without any experience, sure, but do your research up front to avoid the big ones and go it alone. 

Financing and tax related issues will force the other into becoming part of whatever you decide to do and you don't want to overcomplicate your marriage with financial decisions that both of you are not on board with wholeheartedly.That being said, there are other ways to invest in real estate that don't involve you moving or evening buying a home.

More details:Mortgage (principal + interest): $2930/moProperty taxes: $15K/yearHome insurance: ~$1K/yrCost of home ownership/month: $4280/yr (not counting for any tax deductions related to the interest and property tax)If I account for $20K of interest and $10K of property taxes as an income deduction, then I can reduce the cost by ($30K x 35%) divided by 12 = $875 per month = $3400/mo cost of owning the houseRental income after 35% federal income tax + 9.3% state income tax = $2618/month (!!)

Mortgage, taxes etc amount to 1200 and HOA is 200.

@Kim Porciuncula we manage almost 700 doors, around 100 of them S8 and have clients from 11 different countries.You'll probably also need assistance with setting up an ITIN, Michigan LLC, corresponding EIN and opening a USA bank account - we have a tax attorney that can handle all that.PM us for additional assistance.

The basis could be the price their sister in law sold her house for 3,000 miles away; the amount of principal, interest, taxes, insurance, and repairs they put in (known as “make me whole”), an amount that makes clear they are not to be trifled with (“I won’t give it away!”)