2- How to structure the business to get the most tax benefits, taking into consideration that 50% of the company will be owned by a foreigner?

Tony will be listed as the contact on the appraisal engagement letter the lender sends out.I also recommend putting together a similar professional packet for your lender including the analysis, rehab costs, tax returns, personal financial statement, real estate portfolio and bio on your self.  

The commercial space exterior also needs a face lift, but there are grants available for this that will match funds up to $2,500.Expenses:Management: 8%CapEx: 5%Maintenance: 10%Taxes: $3400Insurance: $2900Levy/Rental Fees: $1000Sewer: $1400Water: $1080Garbage: $900

The buyer pays the insurance, taxes and pays to maintain the property.  

The old carpet will be thrown away for sure and I don't think it will be worth keeping the blinds.If the only risk left is that the tenant leaves with the carpet and the blinds, I am OK with that.But if the fact that the tenant "upgrades" the house at her cost can lead to legal issues down the road then I am not so OK with it (situation going sour for some reason).

(in this situation, does he pay his bills)You must plan for the worse in the sense that this IS a business and should be treated as such.

I also obtained certification in mitigation for foreclosures, short sales and tax sales for Global Equity Lending and American Home Lending.

I would like to hear what everybody uses in this situation?

Which tax number should a foreign owner of vacation rental home apply for tax purpose?

I have run into similar situations and I always am careful to never work for someone like that again.