Resident -> Non Resident Tax implication for investment propertie

[Steve R.]

Hi,

I am currently a Resident of Texas and have 3 rental properties (+ 1 primary home) in Texas and have 1 rental property in Alabama. I am neither a citizen or a green card holder. I will be moving to out of country due to personal reasons. I am planning to sell my primary residence and 2 of my investment properties in Texas before I move out of the country. The remaining 1 rental property in Texas and 1 rental property in Alabama is giving me excellent cash flow now. I was reading up on the tax implication if one becomes a non resident. I read that there would be a flat 30% tax on the rental income if one becomes a Non Resident Alien. Is that 30% on the (rental income - property tax) or the full rental income ? Will I be eligible for any deductions from the rental income?

I thought of establishing a LLC and treat the income as ECI but there are complex tax implications in the country I am moving to if I own a foreign business entity. So that might not be an option, but I have to still explore it a bit more.

Is there any other option for me to reduce the tax burden? 

Thanks,

Steve

[Basit Siddiqi]

@Steve R.

The property is here so you will have some sort of filing requirement here.