I would be happy to go over some of the requirements for getting a mortgage in the US as an international investor. 

He offered to sell it to me with owner financing for $400,000 and only required 10% down, so I jumped on it.

So this requires some upfront planning. 

Investing in Bham Sec8 properties requires somebody with street by street knowledge.  

Given you and your investor both have experience in different areas, I’d say keep a flexible approach and compare city requirements before putting too much money down.

They require all cash to buy so the people there have money.

I had two lines of credit one unsecured for 5 million ( check book) and another for 10 million that we would secure them up with .. but you need time to do that bank required appraisal etc before we could tag the secured line and even at that they only lent 72% in these commercial loan structures..

Low Down Payment OptionsGerman lenders often offer financing programs requiring only 5-10% down payments, particularly for primary residences.Strong financial regulations in Germany support these low down payment options.3.

I read that one of the requirements for getting your second FHA loan is having a change in family size.

Germantown has better cash flow potential but may require more hands-on management.