@Ian Stevenson  there IS NO 100% financing for buy and HOLD  .. end of that discussion especially for foreigners.. you can pay cash many times and refinance out much or all of your cash.. but to buy or purchase with a 100% loan your wasting your time.

If I sell, I could just pocket the cash and use it as a down payment towards our next home in a more expensive market.Or I could sell and use some or all of the cash as down payment(s) on a more suitable lower cost rental property(s). 

Lightly encumbered and (obviously) F&C properties can spit off a lot of free cash and much (or all) of it tax deferred in today's tax environment.

Is there a corporate guarantee on the lease and if so is it one store or all their stores?

Another plus.Are you looking specifically in the Misquamicut beach vacation rental area, downtown or all over Westerly?

Honestly it's rarely relevant in my market because it's "lesser of" that cap or all closing costs, meaning that with my local high purchase prices, "all closing costs" is effectively the cap and not the %.I look that up as needed on a one-off basis for smaller purchase prices that cross my desk from time to time instead of having it memorized. 

I thought of asking her if her insurance would cover any or all of it...what do you think?

I always suggest working with a licensed real estate agent, even if some or all of the properties you buy are from private investors.

Is it near enough to the college that most (or all) of your tenants are students?

Thanks for this wonderful website and podcasts I am currently looking for my residential house but will do house flipping or hacking or all kinds of different things in the future hopefully.Until then, signing off now..