Sungar , seriously I wish you well , you sure sound like you know what you are doing and I guess there has to be a bottom somewhere .
Im not sure where you are from , I do have a associate over there , he has explained all the problems to me ..and It just sounded way outside of my risk profile with regard to what I try and achieve , and I have always done well .
I just say good luck , approach with caution , remember Its vastly different with regards the tenants , and you obviously understand the Tax issues far better than I .
The individual I mention lives there , has a US wife , knows his areas and the property market pretty well .
I say , all the best , but its NOT for me :)
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