Overall I would treat this investment as a high risk gamble and willing to accept loss if it failed but It's also a very interesting process to understand how the industry works.

We are living in Phuket Thailand currently and this year I utilized the Foreign Earned Income Exclusion to not pay taxes on the first 120k of income. 

I sold it to a rehabbers, who devoted a month exclusively to fixing the place up then they resold it. 

If zoning tells you that it's accepted non-conforming triplex, then go with that.

You could borrow a second against the $400k of equity in your property - and accept short term negative cash flow to earn a lot more on the great deal you don't want to pass up.  

Just needed to blow some steam off in the group.All 7 of my accepted offers have fallen apart at the inspection phase.Each time we find an expensive problem in the inspection and the seller is not willing to make concessions.$3K spent on inspections with no house to my name yet. 

Private lending is the perfect investment for a retirement plan in our view, and we practice what we preach exclusively in our plan.

My tenant just let me know they accepted a new job in another town and will therefore be leaving us. 

Not sure is seller will accept an offer with these contingencies as it will cost time on the market if the contingencies are exercised.  

I also have a FB group exclusively for PMLs and small PML business owners to connect, share best practices, learn from each other.