I am actually rather impressed with not only what you've accomplished but your tenacity as well given the circumstances in your country.Given the requirements you've outlined in your post basically putting out capital expenditures of $15-$20k for furnishings just to get $700-$1000 in rent, have you considered attempting to sell these off and holding the money for a few months when your purchasing power would be increased?

I outline a couple or 3 broad-stroke ideas in a letter of intent.  

That being said, trying to be as constructive as possible here, what you outlined in your post is a VERY advanced strategy that VERY few investors pull off successfully. 

*Tight leases- We have a 16 page lease that strictly out line the tenants responsibility.

Square up and get him to sign some sort of property possession termination where it is outlined the deposit return numbers are final.

The deal outlined above would not qualify with any lender I know and the margins look thin at best.

Follow the provisions outlined in my lease to remove you.

good outline, i think you are right on.  

You'll find tons of info online - but like @Sunny Suh recommended, you're best bet is to speak with a lender and outline your particular situation.Here's a link to get your research started: http://portalapps.hud.gov/FHAFAQ/controllerServlet?

I have not found a single family house but would look to spend around $350k with a 20% down payment.The multi family house I have found and am considering purchasing is a duplex that is outlined below:Asking Price: $500,000Loan DetailsDown payment: $100,000Loan Amount: $400,000Interest Rate: 4%Loan Duration: 30 yearsRent RollUnit #1: $2,500 (owner occupied)Unit #2: $2,000Annual ExpensesTaxes: $17,500Insurance: $2,500Other: $12,000Capital Expenses: $40,000The duplex is located near NYC, one block from the train station so it is both convenient for me and should be no problem to rent.My questions are listed below: At what purchase price does this duplex make sense for a buy and hold strategy?