One would also pay 10% ish fee to convert foreign currency to USD.

The reverse mortgage company wants buyout and I dont have over 200k to pay out.

Quote from @Josh Otero: Hi BP community, I know you've got some crazy tenant stories and I want to hear it.I'll go first:1) I was managing a 5 story apartment building and a dog fell off the 4th floor balcony because of the owner not paying attention.

Also, don't forget that, if you pay taxes, it means you're making a profit.2.

If you want to keep it, then would you refinance that new build to pay back the HELOC? 

You won’t get the metrics like the pay down or the returns on the second note this way but you can get the accurate cash flow.

Your first year will be a learning experience, you will want to be close to the action, as you may not have the capital to pay someone to handle everything.

That really helped me think about scale and build a portfolio that just pays me money every month with little to no effort. 

Add that to about $25K tax for the depreciation recapture, that would be paying a total of $70K in tax if they do the 1031 exchange. 

I also pay my mortgage for the house I live in.