There was so much seller carry in those days..

Is Japan a good place to carry out that strategy?

I use a spreadsheet I developed to determine my entry costs, carrying costs, cash flow, tax write offs, appreciation and exit costs.

I can have multiple one use code for contractors so I can control access without physically going there.You do not need to carry the key, just need to keep track all codesMain disadvantage is that the locking requires the door to close properly, otherwise the tenant may not know the door is not licked.

Incurring losses every year will mean that the losses will be suspended and carried forward and will offset future passive income.

If you let the builder carry the construction and holding costs, the GC can get the construction financing. 

If your project incurs losses, they can help determine if those losses offset your other income or if they are carried forward.

Quote from @Carrie Baron: @Sean O'Keefe may I pretty please request a copy of the log book as well?

I refinanced it into a  5% 30-year mortgage with a local bank as the seller would only carry the loan for a year.

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.