This will probably mean at least 1k or more out of your pocket every month and if some kind of emergency happens, you will be in a really tough spot.

Have the tenant sign off on a move-in checklist to avoid disputes later.If your not using a property management company, you will also want to establish a plan for handling maintenance requests and emergencies.

I would ask your buddies about fair trade policy.

This doesnt work , the permit office will want 1 name on the permit as the contractor , yes licensed trades will pull individual permits ( HVAC, Electrical , plumbing )  But that doesnt cover the entire job .

I used to work for Japanese company and have know many friends who lived in Japan and spoke great Japanese and it seemed like about every 3 months they would have some kind of really mind altering experience culturally that was disturbing, so probably not an easy place to live or invest, even if the opportunity is there.Argentina I think prices/trades their real estate in $, so less currency risk. 

You can get better cash flow if you move out further but its a trade off.I was happy with my initial investment.

These regions have maintained a strong rental market thanks to stable demand and controlled new construction.San Jose and San Francisco Emerge as Surprising LeadersIn a surprising twist, San Jose, California, posted one of the most significant jumps in apartment rent growth during July, climbing from 2.8% to 3.4%.

Get HELOC on primary for debt and/or emergency fund.  

Can anyone suggest new emerging markets.

You’re borrowing against the equity in your home, so the money is not income but rather loan proceeds that you’ll need to repay.The pros of a cash-out refinance for most investors include the ability to build their portfolio and scale their real estate investment business.The cons could be trading a lower interest rate for a higher one and increasing your loan-to-value (LTV) ratio.