.- You will lose money if you go overboard!

Yes, you can do DSCR to get your money back.

Personally I’d wait and see what happen.

However, aside from that, I couldn’t find much information about them, and the only online presence seems to be the wife’s LinkedIn profile (though I’ve never met her in person and am just going off her profile picture on Zillow).After submitting the application through Zillow, we attached our income (two months of pay stubs for each of us from our current jobs), work references, credit and criminal background, rental history, and the contact info for our current landlord (who just so happens to be my fiancé’s father).

I know Walter personally.. he knows a lot about real estate from many angels..

Even if you break even, you will lose money every month it sits vacant, when you need repairs, property management, etc.

Did you end up flying and looking in person in the area?

@Zach Howard there are a few loan types here in the states for foreign nationals, some that require personal income verification and others that do not.

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

how much land and how much money do you have?