When a buyer gets a mortgage for a property with low money down the bank does an intensive underwriting process to make sure that Buyers qualified to make those payments.

STR's are the most management intensive way to produce cash flow on a property and Tokyo is 9 hours ahead. 

In CA it's closer but more capital intensive.

I'd recommend mixing in more commercial to balance out multiple assets, buy a liquor license for a few hundred thousand, etc to make the deal work a little better. columbus hospitality isn't as strong unless you are in the urban core but even then I'd go for a lower risk asset class like multifamily and retail mixed use. hotel is very strong operator but management intensive.

Workout today is going to be intense!

I don't know what's right for you, and with the online resources today being able to manage remotely only gets easier and easier, but property management is still a very labor-intensive business on average, and I would guess that eventually, a problem will pop up that you wish you weren't the one that had to deal with it.

The current urgent issue is the porch columns need to be adjusted - about $2k.

The teaser rents will likely reset to unadvertised rents higher than what he is currently paying, which is the point of the discount, to get someone moved in and adjust them to a much higher rent down the road.He's going to be a pain at renewal.

You could adjust the price based on size. 

Some details, 25 year AM, 10 year fixed then converts to 5 year adjustable, 6.91%, and no pre payment penalty.