Hi, just wondering what type of properties two recent college grads, with about 40K in saved money can invest in (in terms of rental/student housing), in order to start acquiring properties while also working at our full time jobs.

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?

That looks like an easy way to save on your next deals. 

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.  

I have been able to save about $20k and am ready to purchase something that will supplement our monthly income without taking too much time away from our current jobs.

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

Luckily my wife has been saving for about 25 years and even though school now is pretty expensive we are still getting by.  

I have been planning and saving for what seems like a lifetime to buy my first investment and now that it is happening I'm so nervous!!!! 

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