Many people are finding themselves in the same position as you due to local regulations.

How can I gain practical experience while still in Pakistan?

There's a limit to how much repairs can cost vs. a complete raze and re-build(will check current regulations to see what they are).My only concern are the liens and the problems inside.

Depending on the purpse of the BPO and regulations in your state, you can just call a broker that you like and have them give you a BPO. 

I keep telling my fellow US investors how spoiled the are every time they start complaining about something (taxes, fees, regulations, rent, compliance, etc.) in the USA market ;-) Try making it in Europe and you'll need to toughen up by bringing along more time, patience and expect less yield.

Generally speaking, per the NYC Zoning regulations, a R4B is limited to a maximum of 2-family homes.

We have seen a general drop an overall short term rentals mainly due to regulation.

There is practically no regulation on these syndications aside from a statement from the stakeholder.

The 80/20 split you're proposing, shifting to 70/30 and 60/40 as IRR hurdles of 14% and 15.5% are met, aligns well with common practices.

Purpose of the Leasing Management Program The primary purpose of the Leasing Management Program is to regulate and monitor leasing activities within the community.