If the tenant has a reasonable explanation and a solid plan on how to recover we will work with them.You are asking the right question: how are you planning to pay double rent next month?

Bank of America’s business credit cards seem better, but I’d need to hit their Preferred Rewards status to reduce fees, which might be challenging.Amex: I like Amex’s reputation and services, but their outgoing wire fees are higher, which is a downside given how many wires I send.My ideal solution would be a business account with minimal wire transfer fees (especially outgoing wires) and a solid business credit card option, preferably with no foreign transaction fees.What would you recommend for someone like me who does a lot of outgoing wires and occasional foreign transactions?

I use a separate email dedicated for mortgage business and a PO Box for all investment business mail that I check weekly.

Some other banks will tell you 40% to manage your expectations but if you have a good credit and a the deal makes sense, the down payment shouldn't be above 30%.As to the managing of properties, if you can self-manage out-of-state in the US, there are no reasons as to why you couldn't do it internationally too and some investors do.

Happy holidays and a happy new year to you all!

@Carl Rowles get someone over there to document the damages with a ton of pics AND a narrated video - you may need this for any insurance claim.Regarding your insurance, many of the residential insurers: Allstate, Farmers, State Farm, etc., have a clause that makes your policy invalid if the property is vacant for more than 30 days.- Check with your insurance agent ASAP.You'll need to file a claim and get a claim number.Try to get an insurance adjustor in ASAP, so you can start pumping water out, removing all water damaged drywall and get dehumidifiers in. - Note: the insurance company's adjustor will try to minimize your claim amount.

Nice breakdown and a great deal.

This place has two SFRs on a lot, needed both to be fully remodeled with AC placed, windows and a lot of other stuff.

With good credit and a relatively low LTV, they may price comparably. 

I agree about a strong correlation between a good credit score and a good tenant.