- What lenders would work best for what I am trying to accomplish?

I Would offer the owner no more than $85,000 and probably needs $30,000-$50,000 worth of work.

Language not easy for anything and perhaps Japanese have some distrust or uneasiness working with foreigners. 

As someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here.

There's plenty of deals out there where the life cycle would cost 30k, mostly smaller markets. 

However, if you plan to rehab at all, you will then need a licensed contractor to provide bids on each project you plan to rehab.You will then be asked to provide a proof of any funds to close, purchase agreements, and if closing as an LLC - most times documentation on that LLC.Overall, the larger number of units (5+) makes the lending process based more off the property than the borrower, contrary to traditional single family housing.I would recommend you work with a Loan Originator/Broker who will be the medium for you to the lender/s.

I've lived here my whole life and know the area and properties very well.

We manage over 500 doors in Detroit now but only offer it to folks we work with on the acquisition side.

Thought this would be a cool topic to see what Chicago BP investors seeing for real life rent growth in 2024? 

This entails building personal/working relationships with people successful in the field.