If you have the capital, put it to work instead of selling off what could be performing asserts in favor of risky foreign investments.

NetworkResearch would entail reading more about RE investing (BP bookstore is great and I also recommend Gary Keller's Millionaire RE investor).

Michael Moikeha When you say $50,000 repair budget, what does that entail?

Worst case scenario would entail investing $25K and having around $115K all in.

Not that you can't make a go of it (and make a very nice profit while doing it), but you have to be ready for the crazy time commitments and stress that running a service business entails. 

If, for some reason, you need to purchase an investment property quickly and are not able to slow down to do this research, make sure you are prepared for the entailed risk.Beyond just reviewing the documentation yourself, it is also essential that you look into getting an estoppel agreement to ensure things are as the seller presents them.Step 2: Get An Estoppel AgreementGathering Info On Inherited TenantsThough most people want to assume the best in others, it is possible that the seller and current landlord of an occupied property could lie about what is in the lease.

It is a good thought process to undergo early--about deciding on your key strategy (to buy hold versus flip)..... and the flip versus buy and hold does tend to entail different goals and philosophies and even skill sets. 

But for the Proforma part, you would show the occupancy at 100%, and sometimes show the rent as being raised if you assert that the rents are currently too low for the market.

When they can't lend any more, and when they have to start buying back loans from the secondary market, they can't stay in business so, I respectfully disagree with your assertion that they aren't losing out on anything other than a small monthly payment.

@Michelle Steinacker, when you say you are "doing all the work" what does that entail?