I'd be a hard no in their position.

The triplex is occupied and currently bringing in positive cash flow.

The work around is part of the application process is to tour the property, but still, why put yourself in that position?

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and it's super landlord friendly (so you will never have to go through a 12 month eviction or anything close to that!).

I go to Japan almost every year -- the demographic future is not positive.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

This creates a negative initial position.

I hired a litigator to review my position, and they concluded that we had a very strong case.

You’re in a solid position with this property, and it’s smart to weigh your options carefully.

I'd underwrite the property, with that low interest rate assumable mortgage, to cash flow positively from day 1 as a long-term rental, but be willing and able to use the rent by the room strategy or to rent out part of the property as a Short Term Rental to dramatically increase cash flow during my occupancy.