Just hurdles to get over.  

This may not be unreasonable for a real estate investor to do but since he lives in Hawaii with the highest long term property value appreciation in the western hemisphere, just something to think about? 

It is not an unreasonable request for her to ask for proof that you paid what you said to have the items repaired. 

The biggest hurdle was finding reliable vendors.

I think a 200%+ return was unlikely the whole time, but if the deals did exceed that hurdle it was a 60-40% split on any addition gain.

@David Jackson - I have a four-unit in the Dells and have looked into STR in the past but it was such a hurdle that it didn't make much sense for me.

The biggest hurdle, is validating that you will not live in it.

You can use a temporary google number in the listing to get past that hurdle for phone calls and texts but you will still get mailers.

Apparently double taxation is one of the biggest hurdles for cross border investing.I would really appreciate some sound advice about this, and if anyone knows someone who specializes in US-CAN cross border tax laws, please let me know.A big big thanks in advance.

@Jack Mi: my first impression is anyone that is buying a deal at a 4.5% going-in cap rate with 7% interest rate is anything by conservative.Now, there are so many details missing that it is impossible to give any true thoughts.The things I like:No up front fees, so less motivation to simply transact10% Co-invest is pretty good80/20 (assuming there is no second hurdle) is fairly good.Things that give me pause, based on what is actually presented:Going-in cap rate is very slim.