However, the application fee still ends up being awkward, for all of the reasons that I listed in my original post.BTW, here's my initial email:Greetings <name>;Following are basic requirements that I will be looking for in applicants:> 3 * monthly rent in income (> $10,000/month)> established credit scores of >600 for all applicants> established rental history for all applicants (I *will* contact past landlords)> current permanent employment> no past evictions or bankruptciesPlease review these and confirm that you meet them all.

How to fund rehabs: the purchase and the rehab costs.How to get short-term and permanent funding for buy-and-hold investing.How to qualify for a loan.The differences between hard money and private money.The pros and cons of different types of loans.How to get proof of funds, so the seller knows you can close.The types of financial institutions and which are best for your situation.Owner financing -- yes, it's possible!

Ask for a bid on doing the needed repairs and installing a good permanent solution.

sounds like you have permanent residence in the US - so you actually will be treated like an USAmerican by the Feds - you might want to know if you have any obligations to your home country on CG asn/or rental income, and all the local laws - but as a permanent resident you are not really the same as a true foreign investor, and you have a lot more flexibility but will also be taxed accordingly - so that would need to be clarified.

With no other permanent improvement expenses to increase basis, this means that in 28 years, you have a $50K basis, and a potential large tax bill when you sell this house for $400K.  

Of course,  if structured correctly, these investments could work.I may be slightly biased, but I would also advise you to consider looking into Malaysia because they are eager to attract foreign investors (even offering a Malaysia my second home program, which provides permanant residency for foreigners with qualifying investments).

If, in Landlord’s opinion, the pet(s) has injured or disturbed others, or has damaged property, Tenant must permanently remove the pet(s) within fifteen (15) days (or sooner in the case of an emergency) of receiving written notice, and failure to do so shall constitute a violation of the Lease Agreement, and may subject Tenant to eviction.

Could be a permanent thing in the future if things go a certain way.  

From our understanding he could rent our his unit for a day or week (not permanent) while he is out of town using airbnb, any opinions there? 

Hi folks,My name is Al Brennan I just moved from Ireland to the US (Charlotte N.C. ) in March 2014, got married and live here permanently now.I have no experience with real estate here especially tax law relating to property so any help will be very much appreciated.My initial goal is to buy a lot nearby (1 acre) and build then sell it.