These are just some suggestions to possibly enhancing your experience and holding on to your ambition of using the 203k.

That is why I keep adding to it and enhancing it all the time.

I am always trying to enhance my DD skills and would love to see what others are doing.

For example a common strategy in real estate investment is to find a well performing asset with a good cap rate (i.e. good property level return) and further enhance this return by financing/leveraging it so as to yield even higher CoC (i.e. investor level return).So conceptually we can say that when Leverage = 0 then CoC = Cap Rate.

To enhance our understanding, we are seeking connections with local brokers, lawyers, contractors, and professionals experienced in working with foreign investors.

Could you upgrade the property to improve rents / reduce maintenance / reduce vacancies / and even enhance equity during your hold period?

I agree with the previous responses, your best bet is to purchase a home that does qualify for traditional financing, there are down payment assistance programs available that can help enhance your 10%. 

I realize I could always make a lower offer to enhance the returns.

As much as you can outsource activities, there are many decisions which will either enhance or destroy the returns.

This does not enhance my experience on BP.Communicate.