It costs me significant money & time (and in my line of work and specialty of IT consulting, that directly translates to $250.00/hr that I could be doing instead) because some other crappy landlords haven't been doing what they should.

Sincerely YoursMr Wholesaler Sadly, this is probably a truthful translation of 90% of those.

In my mind, those expenses would automatically translate into savings just by moving into the quad  (I'd still have to pay electric..separately metered units..but that's a minimal expense)Still, the cash reserves being wiped out makes me hesitatant to pull the trigger....  

This translates to an after tax cash flow increase to you and your investors.

Is it true that paying more taxes translates into more borrowing power?

@Eamonn McElroy - okay, I'll have my CPA translate that for me ;-)Our rental portfolio is definitley run and set up as a business and would pass a bright line test.We will definitley will be running different entity scenarios for 2019 to see which one works best in the new tax environment, but I am past the point where I understand all the nuts and bolts my CPA is talking about..

At some point your ownership will translate into $.

I am skeptical of most real estate in japan, let alone Turnkey where there will tale an extra cut for managing, legal, and translation bit of it (all contracts in Japanese).

Good contractors , Pros , generally dont want rehabber of flipper work especially since there is so much homeowner work .When I hear a customer say " we dont pay deposits" as a contractor that translates to " I am playing games with money " . 

@Tina Caroll Have you considered getting a 3rd party translator?