My husband and I (ok...my husband) are pretty handy, so we aren't afraid of doing a lot of work ourselves, and I know dealing Iowa winters will mean we need to take some precautionary measures, but it seems like low cost of entry for investing (we just got our first SFH this fall)

@Ed Ventura the 5% FHA seems like it would fit your current cash situation pretty well.

The other thing to note is most times Pref equity is pretty save assuming a 10-20% market correction but in 2021-2023 we saw a 30% correction meaning pref equity in deal specific deals were underwater without any options.

The missing words are pretty intuitive though. 

Citibank, ScotiaBank.Maybe you could have him setup an account at one of those and just deposit from a local branch in the US.ScotiaBank has some pretty good international accounts with free transfers.

It looks pretty cheap if you're able to read it and bill it yourself every month.

Pretty much confirms my suspicions.

While you're talking to the City, ask about any 'open permits', this property sounds pretty fishy.

The GFC unfortunately hit all of us lenders pretty hard and I had a concentration in Jackson and ATL and Memphis so I had to move to Jackson for a year to clean up my portfolio I thought I was going to be there for maybe a few weeks but that turned out to be a year and I got very fortunate I was able to rent the developers house at Reunion .

Price points are low when acquiring real estate but that also comes with lower rental market values for your units so it pretty much evens itself out.With that, if you are going to buy in Reading I advise you strongly consider managing your own properties.