It was also difficult to assess the heating situation after repairs since tenant refused to provide key to access unit for repairs and/emergencies, citing “privacy and safety” concerns.

@Asher M.Possible, yes but like your lender pointed out it's going to be difficult to pass the self-sufficiency test (SST) for a legal 3-4 unit property.

@Shin Nishikawa Right now it is still difficult for foreigners to get financing from Japanese banks.

What cap rate is the selling asking?

Originally posted by @Joe Kim:There are many ways to approach this difficult task of convincing a owner or landlord to rent to you as an investor ONLY to sublease (aka Master lease) the home to furnished short-term rental.#1 NUMBERS GAME:  It's not easy.   

I will let you know, it is rather difficult to make rentals work in the DFW area.

I applaud you for putting it out there but 1) maintenance/cap ex is far too low for a duplex 2) no PM. 3) vacancy at 1% will be challenging if achieving near market rent.

Long term rental numbers are hard to get cash flow with added in reserves for maintenance, cap ex, and vacancy.

I don't believe there is a cap on the number of accounts you can link either.

UNCLASSIFIED" in ALL CAPs like that which looked terrible.