I would start with a trusted and recommended real estate attorney in Costa Rica to discuss the concept they often use of a Corporation owning real estate in Costa Rica. 

Hi @Jason Forman, we can help you skip trace LLCs, corporations, and trusts.

., is a corporate member and offers all active TRIG members a discount on services (the only time we offer a discount and the savings covers the TRIG membership). https://www.trigofva.com/Vendo...

The property has a lot opportunity for me to add value that is presently untapped beside the tax and other be fits to myself.This is because the first two years of my corporation's operations I only operated on the side of my primary job.

No different than buying the real estate directly (read: basis increase, start over depreciation at new basis, which should be FMV).If a corporate tax entity...S or C, the basis of the assets in corporation remain the same post-sale. 

So. it’s not uncommon to request proof of rent depositsvia bank statements and corporate/LLC tax returns.

Any one doing it this way if so, any good info or lessons learned would be appreciated.Had our LLC few years, (stagnant/not used), have not selected S-corp or C-corp with IRSFrom what I gather best form will be S-corp.We want to transfer our first rental from our personal profile and into the LLC.

Additionally, the title company would run a chancery abstract to make sure the foreclosure was done correctly.

From the IRS:"You will be liable for social security and Medicare taxes and withheld income tax if you do not deduct and withhold them because you treat an employee as a nonemployee, including yourself if you are a corporate officer, and you may be liable for a trust fund recovery penalty."

If you start making mistakes and pay for one property's repairs with the LLC of another property, you have pierced the corporate veil and likely would have your LLCs thrown out if a lawyer tried to get past their protection.On the other extreme, it doesn't make sense to put all your eggs in one basket.