I don't know if they still do it but if memory serves a few years ago TD Bank would do a HELOC on a rental in second position but only if it was titled in someone's personal name. 

The strategic location view is1) It is the USA of the middle east2) Very close and safe travel destinations for Europeans and Asians 3) Direct flights to every big city in the world London, Sydney, SF, LA, you name it4) Safe haven for lot of Internationally floating money 5) Good investments in tech, healthcare, infra and education. 

While the debt would whip out most of the profit for 'x' amt of time, it would seem to be logical to take on the risk at a net zero income for x amt of years if after that point, the cashflow is all positive.

My advice would be to drown out the noise you hear from others with positivity and thorough due diligence.

Some lenders offer creative solutions, like a cross-collateralized loan, where they use your existing equity as security without refinancing the duplex.Another idea is partnering with private lenders or exploring a second-position mortgage, depending on your lender's terms.

Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.

If OP can lever-up while maintaining adequate reserves, he will be in better position than buying with heavy cash position.  

You’re surrounded by a support group I never had, and that’s a positive.

I'm looking to purchase my first rental property and have been searching for a deal that would generate positive cash flow based on my projections.

Folks this is meant as a beneficial post and not about good or bad positions.