I struggle to wrap my head around what the 8% fee actually covers?

After Irelands terrible recession we decided our best option was to save for a mortgage abroad, as we have friends and family that are in a deep struggle to get out of the rental market and into the house owners.I long story short, after initial problems with finding ideal work we are now up and running and saving more than we could have ever dreamed.

They are currently about 1.5 months behind on rent and struggling to come up with the rent payment. 

Properties are very expensive in the larger cities - so much so that I really struggled finding a quality investment.

I've already received some quotes from insurance companies if I purchase under my own name, but am struggling a bit to get that info if I were to purchase under an LLC. 

That’s a mostly blue collar area that’s still struggling from the oil downswing.

Where in the struggling California real estate market is there such as great investment property location?

I think the most interesting stories to read are those from people doing it, and struggling through the details.

Assuming the numbers reported to you are valid (always a big assumption until proven), you'll struggle and likely fail to get this project financed as the debt service coverage ratio (DSCR) doesn't work except in the last scenario presented above.

NR has been struggling quite a bit for about two years.