Generally, if you make a like-kind exchange, you are not required to recognize a gain or loss under Internal Revenue Code Section 1031.

ps: I'm aware that internal rate of return (IRR) can help me estimate that but it assumes the whole value of the property (equity), while I want to exclude equity from the equation, as I'm not going to either sell or refinance the property in the first few years for sure and thus want to analyze cash on cash year over year for the first few years only.

Expats have to file. see here https://www.irs.gov/individuals/international-taxpayers/us-c...So the forms had to be filed in the past to be verified.

@Hunter PerryThe market here in my area consists of USF which brings international students to attend the school and study at two of the best teaching hospitals; Tampa General Hospital and Moffitt Cancer Institute.

Possible investment opportunity.
Looking for advice on a unique position my family is in. My parents have approximately 1 acre of land on the island of Phu Quoc, Vietnam; some say it's the "Hawaii" of Vietnam. They a...

If we see a certain item get called out by multiple inspectors, then it is something we need to train on internally. 

"Bob Prechter "Quite Sure" Next Wave Down Will Be Bigger and March Lows Will Break"Interesting video clip and read from the Elliot Wave International folks. http://finance.yahoo.com/tech-ticker/article/299205/Bob-Prechter-%22Quite-Sure%22-Next-Wave-Down-Will-Be-Bigger-and-March-Lows-Will-Break?

You can find cheap properties there but no one who would want to live there that will pay you the rent and not destroy the place.There are pockets of very desirable areas in the city where I invest where I am able to achieve returns on my equity of between 11%-15% and internal rates of return above 25% per year.The suburbs are great, but since Rochester was so wealthy back in its heyday there was not a lot of multifamily housing that was built in the burbs but you can find single family rentals.Either way, you aren’t going to be buying “cheap” properties, so why not invest in your own market and owner occupy a multifamily?

This took me a couple deals to really internalize but once I did it made it much easier to justify the neighborhood types I now invest in.

@Elsa HsuIt absolutely should state in the documents what “you own” and what is considered common areaUsually it’s top of slab (floor structure) to inside face of drywall ceiling and walls are inside face of drywall on internal walls or center line of studEither way in most cases a pipe below your floor in the ceiling below even if it goes to your unit is typically not yours