Your free house plus the substantial construction costs needed, might not pan out. 

There was just an update, my husband spoke to our agent and was very firm that we were not interested in taking on a a tenant.

I like to buy things when they are at a substantial discount.By this point in my life I should have more real estate investments.

**Disclaimer to point #1: If you are unable to find an Insurance Company who will cover your dwelling with a Pit Bull animal on-site, or if you are required to pay a substantially higher premium as a result of the Pit Bull animal - I think a very strong case could be made on your behalf that this is an un-reasonable accommodation that you would be required to make to rent to this tenant.

Secondary market meaning fixed rate financing for the full term of the loan vs someone like myself who owns substantially more than 10 props I have to seek commercial funding which is not as stable - typically 5 year balloons.

You will be considered the resident of US for tax purpose if you meet substantial presence test.  

My wife and I own a home in California (SF Bay Area) which has appreciated substantially in the last four years.

Hi,I have been asked by a recent contact about my interest in taking on a short-term loan backed by a property in the Chicago area.

I would think that would knock out a substantial pool of buyers IMO! 

Please let me know if you think I’m underestimating my analysis.Here are my data points:Asking Price $175,0002 br/1 ba duplex in a decent part of town in Houston, TXRental comps range $950-$1,095/moCurrent tenants lease runs through DecemberPurchase Price: $175,000ARV: Assuming the place is in decent condition, I don't plan to make any substantial improvements.