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?

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.

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

I’d love to come to a meeting of the minds and a public forum probably isn’t the best place to do that.

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

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

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).