.: @Michael P.should not the capital of the US be changed to Columbus The capital of CA. was once in Benecia CA. so there is precedent to move it.

This structure probably just means more grey area which means more legal fees and perhaps less chance of either of us being covered at all.

Just get over the hump and buy a property.Then next year buy another one.Then the year after that buy another one.

Look for bankrupt companies, TOys are us, Bed bath beyond, Macys, retirement homes, Boston Market, etc etc.  

With us being a nonprofit we work on donations.

The RTR team wanted us to invest in real estate and most importantly to see us be successful long term.

Yes, unfortunately only midterm, furnished rentals in the nicer parts of the city will get you over that $1000/mo hump if thats your goal.

Add thoughtful touches like a Keurig or French press, USB chargers, and local travel guides.

Basis 525K Cashout 725K We are owed 200K due to personal funds investedWe want to purchase 2nd homeQuestions:1) Since our basis is less than cashout, will we owe taxes or can the money owed us be used to offset difference?

However if you have no credit history in the US, be prepared to put at least 30-35% down at a higher rate.