Trading value for value is good too. 

Assuming trade or business status for the rentals, that income (if any AFTER depreciation) would be included as well.

If I could not attend a first time buyer's inspection on an iffy house I would most likely trade in a favor for another agent to be there, for questions for my buyer's, or to give me feedback...our market's "first time homes" are getting higher and higher priced = lesser and lesser affordable homes... fully believe it's our fiduciary responsiblity to help our clients in foreign territory!

Look to your state for intl trade missions....advertise in local publications of your target country.   

@Miriam Levitz I would hire a General Contractor and let them do the supervision/hiring of all the trades, which just leaves you to manage the GC.

Being in the Seattle and Greater Puget Sound area's hot market, it's commonplace to see 3-4% Cap rate valuations trading like they're on sale.

Also, you might reach out to a commercial broker in the area and see if they can give you the prevailing cap rate for the area and size/class of property, with that you might be about to get a feel for what other properties in the area are trading at and give you some more leverage for negotiating.

Here's an article where I compared both options:https://www.biggerpockets.com/blog/buy-rehab-turnk...There's no right or wrong answer, it's completely dependent on each investor what they want, their skills, etc.There's trade-offs for buying the turnkeys at retail price-- that isn't just for nothing.

Jack of all trades, right?

BUT the trade off is you purchase the property usually close to market value.If you want to get a house cheap or below market, then CASH is KING.