I also interned with a realtor while in college and shadowed rental property investors.

Specifically to their latest guidance on denying applicants with a criminal history...I will be running the background check last as part of the application process instead of in tandem - which should let all the other key criteria be met in advance.  

International?

But as Martin explained, your lender may have internal restrictions/guidelines that won't allow it. 

As a former bank regulator for more than 7 years, I can tell you that if regulators have already identified a risk, discussed it internally, then produced a formally issued document and press release that they were in agreement on internally, the issue has usually already been around for a while, and is probably past where it should be!!!

Also, I don't rent to convicted felons or people with a criminal history of violence.

We also had to explain why we received such large tax refunds every year we adopted (for international adoption of children with special needs, there is a one time ~$13,000 per child credit from the IRS to help offset the cost of the adoption.) 

No idea about it, just heard wholesalers post there, and there's funding available there also.Lastly, a fast way to make 30% (maybe more) right off the purchase is international investing.  

Set to be completed in the Summer of 2017.The Following Info is according to the information from the Developer:Purchase InfoInitial Market Price: $700,000Purchase Price: $649,900Initial Cash Invested: $187,475Income AnalysisNet Operating Income Annually: $52,484Cash Flow Annually: 22,847Financial MetricsCap Rate (Purchase Price): 8.1%Cash on Cash Return (year 1): 12.2%Internal Rate of Return (year 10): 19.6%Sale Price (Year 10): $896,059Rental Income is forecast to be $1,400 per unitUnits are 3bed, 2 bath and a garageUnits are 1,600 SqftI feel that the seller is optimistic on some of the numbers so in my calculations I have increased expenses (CapEx budget, management Fee at 8%, Insurance, Utilities) and I have also increased the vacancy rate from 3 to 5.2%. 

Tax deeds convey title to the purchaser free of all prior encumbrances (mortgage liens, judgment creditors, etc.) of any kind EXCEPT liens specified by Revenue and Taxation Code Section 3712, Lis Pendens actions and any Federal Internal Revenue Service (IRS) liens that are not discharged by the sale, even though the Tax Collector has provided proper notice to the Internal Revenue Service before that date.