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If you set up an LLC in any state in the US and you are the only member then that is a disregarded corporation for tax purposes. What that means is the IRS will look to you as the owner and the receiver of the rental income.
Ownership of real property is not considered a U.S. trade or business. Such passive rental income is subject to a flat 30 percent withholding tax (unless reduced by an applicable income tax treaty) applied to the gross income rather than the "net rent" received.
Foreign individuals (which you would be if this LLC is a single member because all the money flows to you) and foreign corporations may elect to have their passive rental income taxed as if it were effectively connected with the U.S. trade or business. Once such an election is made by attaching a declaration to a timely filed income tax return, there is no obligation to withhold even in a net-lease situation. Once made, the election may not be revoked without the consent of the IRS.
You would then need to file a US return as a Nonresident Alien (1040NR) and report the rental income but you could claim your expenses as well.
You will either have 30% withheld (by the manager or actual renter) or you file and pay by the due date for a US return.