Ideally, I'd put more towards my principle faster if I have the cash.- Once I get 20% equity in the property, use another FHA loan to buy and live in another multi-family property then rent out both sides of my first duplex leading that to positive cash flow.- Repeat..Am I on the right track? 

It is essential that you consult with an experienced cross-border team including attorney(s) and tax expert(s) to ensure that you access the right advice!

You might not be able to beat that top earner if they have something you can’t achieve (ie lake front or better views), but knowing what amenities matter in your market is an essential step in determining what you need to provide. 

The closing cost and associated fees often add up in these transactions.In the examples that I saw … Essentially there may be a mix of private/creative/bank money to get the asset initially.

They don't get involved at all with booking or essentially anything with the guests other than emergency repairs or some other issue I can't handle with them.

The key factor is physical presence, which, as you mentioned, requires being in the U.S. for at least 183 days during the calendar year.However, it’s essential to note that the substantial presence rule can apply to foreign property owners who spend extended time in the U.S.

This is the portion of your payments that is applied to reducing the principle on the loan versus paid to the lender in interest.

Patience and flexibility will be essential in this market.Key TakeawaysPalm Beach’s market is adjusting, but it’s far from stagnant.

Moving forward, setting firm boundaries in negotiations is essential.

I essentially try to buy a BRRRR type property and fix it up but never refi.