I'm considering buying a property in Houston, TX for the purpose of renting it. I'm a foreign citizen and don't know much about how renting functions in the USA. So far I found out that it's possible for me to buy a real estate, but I couldn't find anything about renting it. I have several questions:
- Am I allowed to rent out my property if I'm a foreign citizen?
- If yes, do I need to register as a business? What are other major pre-requirements?
- How can I calculate taxes and other business expenses?
- Are there any other advices that are good to know in advance?