Based on my experience of running properties, even if the build were to cost you as much as $600k but you could generate $125k/year, you'd be very happy with that investment. 

Have you spoken to an immigration lawyer about your options? 

Hi BiggerPockets team,I am a rookie US real estate investor searching for financing options for my first deal.Personal ProfileCitizenship: IsraeliI do not have US citizenship or a long-term visa.Investment GoalsLong-term rentals in good B/B+ locationsLow-maintenance propertiesKansas City, MO/KS, or its suburbsI am familiar with what https://lendai.us is offering, but I am trying to find other alternatives.Thank you!

First, all properties that appreciate the appreciation is based on the property value, not the equity. 

Will - I work with CSSI, the premier company providing engineering based cost segregation studies in the U.S. 

Are you both friends and have unique skill sets and are breaking up the duties of investing based on those skills?

I know there are a lot of options, especially since they are family and willing to carry the loan. 

Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.

For some of my homeowners - I provide them with several options 1. 

Quote from @Michael Overall:I understand the utilities will go to basis, on the interest is it able to be yearly deducted based off the conversation you referenced if using form 4952According to one of my colleagues on that thread - yes.According to court - no.