Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Since you're using an FHA 203k loan and house hacking, focus on managing renovations efficiently to avoid delays and unexpected costs.

One of the things I'm trying to figure out is if I'm better off getting a few lower cost properties or on higher priced property. 

I also own a co hosting business but my rentals are in FL and TN. 

He owes them some money for work that they did and they filed a mechanic's lien on his property 3 weeks after he received the bill which was also one business day before he was scheduled to sell/close on the property.

The market between the 2 locations & resident class (Especially if you plan to self mange or find a PM company), Your future goals and the costs associated with moving and transferring to a new hospital. 

In my opinion, the US and the UAE have agreements to avoid double taxation, so there should not be any additional costs in Dubai.

Make thisyour business model.

Also, how do you balance cost-effectiveness with providing a high-end feel?

Quote from @Dylan Webb: Have you talked to a lender to see what it would cost you?