This total disregard for facts, and blind hate because of someone's political affiliation is mentally unhealthy. 

I would disregard cap rate in those two situations, actually in all situations. 

This adds additional layers of complexity.The key question is whether your Delaware LLC is treated as a disregarded entity for federal tax purposes.

Many investors operate their business as a single-member LLC which is disregarded for tax purposes.

My other customer, who disregarded my advice went to a wholeseller who sold him a home that was not close to being tenant-ready, like the customer wanted.

"Petitioner's activities that are related to the Arrow Property are DISREGARDED for purposes of determining if she was a Real Estate Professional, because the Arrow property is NOT "rental real estate" as defined...If you have BOTH STRs and LTRs, unfortunately these will not combine for REPS! 

What I am stating, is even if the judge can not get any traction with the foreign jurisdiction, they will have no problem seizing the real estate directly.As you mentioned, you would need to do equity stripping too to make sure there is no equity left, but then you better have a third party for the loan as if it is a friendly lean with a related entity, the judge may disregard it too...As I mentioned, offshore trusts are excellent for asset protection, but are expensive and complex to manage especially if you need to hire a third party protector or trustee (I heard many horror stories of foreign trustees gone rogue).

(The tax accountants call it a disregarded entity.)P.S.

Your points are precise, and show an obvious disregard for the investors by the sponsor.  

Disregard.