If you don't have a US-based bank account, I would get one as that's a requirement by most lenders.

It is DSCR based and no personal tax returns are required to qualify.

Based on the growth in that area, I suspect I will be able to refinance within the 5 year window and not require any cash into the deal. 

Please consult with an attorney that is familiar with 1031 exchanges.If you move into the farm after two years and later sell it, capital gains will be prorated based on investment vs. primary residence use, limiting your Section 121 exclusion ($250K single / $500K married).

Here’s why:How DSCR Loans WorkYou probably already know that a DSCR loan allows real estate investors to qualify based on the income generated by the property rather than their personal income.

The power bill would be prorated based like you'll pay the first $125 and then bill them each month.

Hell I'm still dealing with one of those tenants almost 2 years later.If I were giving advice to someone else looking to do something similar based on my own experience and mistakes it would be to maintain much more reserves, only take on projects of a size and scope you can handle, and to pay the HELOC back to 0 between each project.

@Eric Johnson   Investor and lender based in Dallas.

Some charge based on account value, others per transaction, and some use a combination of both.

Quote from @Elaine Ericson: Thanks but as I mentioned in post she's a Real Estate agent and she is paid a commission based on sales and does not earn wages.