To minimise tax exposure most of the revenue for the Philippine company was redirected to the HK company because of a loophole that allows foreign derived profits to be exempt from taxation in HK.

What derives the greatest  tax base for a community, land or Fords?

@Eric James, if leverage is used to acquire investment property in an IRA (regardless if it is a Traditional or Roth), the income derived from financed portion of the property will be subject to UBIT.

We mostly stick to single fams right now, and we use cash derived from a line of credit cross-collateralized over a a few of our properties (as opposed to taking out loans to buy properties), so I really don't know what the rates and terms are for 3-unit purchase money right now.

Since you only intend to do one deal at a time (now) understand the job job of your mail piece: it's ONLY job should be to get the prospect to take the next action step, such as call you, write you, go to a website or landing page, etc.There are so many factors to consider. 500 mail pieces is statistically too small to really derive any actionable feedback.

*IF* you can run the Number on an SFR, the big change is the sum(rents) for all units * 12 = GSI.You should be able to derive the NOI and develop the cash flow from there.IMO, if you can't, then your in trouble

My past investing has been purely in high risk derivatives for the last 10 years which hasn't panned out well at all.

It becomes much more of a grey area if it is sold explicitly as a turnkey business model, but even then, I would be wary as a buyer to use that value rather than deriving a value from market rates/comps, especially if it is a SFR.

The AML Program should provide clear and unambiguous procedures to identify such instances.A transaction requires reporting if it is conducted or attempted by, at, or through a covered retailer or community, it involves or aggregates funds or other assets of at least $5,000, and the covered entity knows, suspects, or has reason to suspect that the transaction (or a pattern of transactions of which the transaction is a part):Involves funds derived from illegal activity or is intended or conducted in order to hide or disguise funds or assets derived from illegal activity (including, without limitation, the ownership, nature, source, location, or control of such funds or assets) as part of a plan to violate or evade any Federal law or regulation or to avoid any transaction reporting requirement under Federal law or regulation. 

@Kris Haskins and @Jay HinrichsI never heard of that before it's like "owner financing meets derivative contract!"