If the solar panel is financed, this could also complicate the transaction.

I am assuming that is not in a judicial foreclosure state that has to be auctioned off and gives the homeowner time to sell it.

Many make it more complicated.

Your math is off, it's much more complicated then that, but the idea described by @Dave Foster can basically accomplish what you want.

Is it Judicial or Non Judicial?

Some countries have tax treaties with the US and you can simply use the US tax law, others are more complicated.

Cleveland is great, but it's a complicated market for out of state investors.

HOA Lien purchases is a game that can be quite lucrative assuming:1) property is in judicial state (states where lender must file lawsuit to acquire property title)2) purchaser is well versed in foreclosure law 3) purchaser researches hoa cc&r 4) think of arbitrage not capital gains when assessing risk

Time zone differences can complicate addressing tenant issues or emergencies, and managing major repairs from a distance can be tough.

And getting them to understand how to do it would complicate things too much.