Keep in mind tax's.

Note if monthly rent is 0.5% purchase ratio, the property tax will be ~20% of the rent.  

However, our seller wanted to actually identify the property prior to closing - they had extension rights in their contract. 

Immediately, I performed a Roth conversion, and instead of paying taxes on $50K I'm paying taxes only on $21K.

I’ve read quite a few posts about foreign investor financing but most seem to deal with non-citizen investors without US credit or personal tax filings.

Also, hard money lenders want a scope of work filled out prior to funding the deal so this is a good little hack to get one as well. 

I have an applicant who says she lived in the Dominican Republic prior to the 2 years she's been at her current address.

Now this is an annual thing (for all new properties).For rough math, you can generate a tax write off about 15-20% of the real estate value: one a million you can expect a $150k to 200k write-offs.

Any prospective resident with bad credit or a prior eviction is going to have an impossible time finding a place to live.  

You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.