The dynamics in this market are nothing like the people I like to invest with.One option is to settle into the passive role for a few years, and enjoy your time in Korea.

Their are some mixed feelings on the forum about mixing the two, but the reason I chose this route is because the guy has taken the role of a mentor and we’ve built a nice amount of trust. 

Local contractors, insider knowledge, ability to provide oversight will all play a role in project outcome. 

Welcome to the role of being a landlord.

Surprised real estate doesn't play a larger role in a wealth management and legacy planning practice. 

Sounds like if I take your route, I pay theme rent and then exercise my option to purchase on pre agreed to price after property is passed to beneficiaries so that they will inherit and then sell on a stepped up basis?!

See Estoppel letterAs to determining market rents and expenses, that's a total different exercise and you would have to know that area you'll be operating in.

I have spent hours reading the posts and it seems like people either just do it in their own name, or suck up the fees associated with an LLC and take on a commercial loan.I also read you can quit claim on a deed but after reading a couple topics, it seems like there is still a 50% chance the lender will consider it as a full transfer and exercise the acceleration clause.

Have you had any personal experiences in calling or business letters that you say played a pivotal role in a similar situation for you?

If this is a re-sale, you should have conducted an inspection, and that inspector, should have caught the defective plumbing material and brought it to your attention to make the necessary steps to have this issue remedied, compensated or allow you to exercise the ability to walk away.