look for land with owner financing And I am sure you know this but location and safety will be paramount in the Jackson market there are simply areas the crime is far to high for this to be successful..

Do I have to pay for assigning a contract?

We often use zoom showings, but they build on that mutual in-person experience.We don't encourage bottom-of-the-barrel neighborhoods, simply because with 60-120 year old properties capex tends to exceeed cash flow over time aka money pit.

I can't really afford to pay two mortgages.

You will pay for the higher risk with higher rates and origination fees but if the deal makes sense then congrats.

The loan is 12 months, pulls twice a month, the interest is minimal because I'm paying it off so fast. 

I told him he can break the lease, but according to his contract until I find a tenant - he will be responsible to pay the lease. 

Hi ALL,Can anyone recommend a easy to use property management tool that we can use, so far, we have 4 rentals and growing, We will like to have better control of the information and have a easy system for tenants to pay rent.As always, thank you for your input!!

The owner should look at it more like a DSCR, and should be pricing the property and offering terms such that the income from the property is adequate to pay back the loan.

One thing to think about are the tax implications of being a Canadian paying US taxes.