I know I'm getting the tax benefits of depreciation, the minimal positive cashflow, and the appreciation on the property, but It's pretty much a long term play of slowly raising rents annually to increase cashflow, which will eventually get basically reset when my loan goes P+I in 10 years.

One thing to take into consideration would be the overhead costs of being a cross-border investor, such as entity setup, property management, higher lending rates and tax filing should you choose to have a CPA.

I'm assuming you are arriving at your cash flow number by applying Gross income - cap ex, maintenance, utilities, vacancy, tax, insurance, mgt, landscape/snow & Debt service?

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

Caution:  Personal credit card financing is a huge risk and good luck finding 0 percent interest today.

You can decline them off their credit, background and for not having 2 past positive references.

@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

Assuming this is an 8 cap neighborhood you'd have a ~$420-450k value within a year (unless property taxes are crazy high) when leases would renew since it'd be valued as a commercial building with the office space.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

I usually run several CMAs, with different criterial, and of course compare tax appraisal value with a wholesale price, add 5% as a fee to a transaction, in some cases.