USD $35K to $80K and with the help of a proxy as your arm in Japan, for the purchase and management of the property, you really don't need experience!

It was more about looking at areas that I thought would cash flow decently and provide double digit ROI.  

Keep your tenants at arms length, they are not your friends, and inforce all rules to the letter.

Cash is always king, but sometimes you can arm a coupe against the king. 

On top of that your loan size is too small and its an investment.If you do find a lender, be ready to do an ARM loan.

They don't seem to care (or understand) that this will sink our building financially - they only say that we need to bring things back into compliance with the laws and are not offering any other solutions.We are looking at a potential VERY high special assessment to cover a lot of repair expenses (mostly to interior work due to tenant damage of rented units) so I'm looking to arm myself with information and questions to ask.Any input will be GREATLY appreciated! 

I've posted one here in the past (you can probably dig it up), and the BiggerPockets Flipping/Estimating books come with a template if you purchase here on BP...

We'd need 20 rented weeks/year or ~$3400/month to see double-digit COC...is this realistic?

The local bank I've called thus far, of which Im a member, has all only offered me a 5 year ARM 2% cap each year, 6% cap on the life of the loan, starting at 4.5%.

I have spent countless hours researching deals and arriving at single digit numbers that satisfy most of my investment criteria.