All state or country land trusts favor owner-occupants, and some exclude non-locals from purchase.

Strategies like using bonus depreciation, understanding how different types of income (passive vs. non-passive) interact with your current earnings, and knowing whether short-term or long-term rentals are the best fit for your personal situation can all make a huge difference.

To your point, if you buy non value add real estate at retail price, with conventional financing and don't self-manage, your returns just aren't going to be that great.  

ITINs are used by non-resident and resident aliens, their spouses, and dependents, including undocumented immigrants, to comply with U.S. tax laws.

Hi all,I bought a single-family rental in Texas under my personal name with a conventional (non-FHA/VA) loan.

What are your experiences with performing vs. non-performing notes?

When real estate investors come to our bookkeeping firm from doing their own books or working with a non-REI bookkeeper, the taxes and insurance paid on their behalf by their lenders (through their escrow) for each property are almost always missed.We recently caught ~$50k worth of these expenses completely unaccounted for with one of our new clients when diagnosing their existing set of books from their old bookkeeper.

Your custodian or tax specialist should be able to help you understand these rules.Another benefit of using an SDIRA is getting a non-recourse loan to help buy the property.

PROBLEM:Year 2014- The 2nd lien Note  was never paid and the lender did not take any actions to enforce their rights for many years.The Wells Fargo 1st lien eventually PAID OFF IN FULL (thereby sliding the non collected 2nd Mortgage lien into a PRIORITY lien Position)in 2014 the property was purchased and was transferred again.

I'm not sure about the laws part but insurance companies don't take kindly to homeowners policies on non owner occupied properties; you will potentially run the risk of a claim not being covered.