The emails and texts show their lack of honesty, reading comprehension and tendency to jump to conclusions and make things up when the lease is enforced.

I wouldn't assume either but rather seek out some local investors and see what they are doing and how it is working (or not working) before you jump to the conclusion that it is too expensive and try to make things work in an out of state market that you are not familiar with and will need give up control to depend on the kindness of strangers to keep your best financial interests at heart and make or break your investment.

My, off the cuff, conclusion is that inflated rent seems likely because the taxes indicate an assessed value more in line with the $170K, The insurance amount also seems low which also points to a small amount of value being insured.

You may have already came to that conclusion since I went to CWRU.

In conclusion, I am certain that building a real estate investment portfolio in here is not nearly as profitable as in the US.

@Larry Wilson before you come to a final conclusion of what materials you will use.

@Jon SchoellerOver the years I came to the conclusion that investing in notes is one of the best ways to grow your retirement (passive, low risk, good returns).

I looked at a portfolio in Digby a couple of years ago and arrived at that very conclusion - unless a new industry comes to town, it's only going to get worse {BTW:  That portfolio is still available - and still overpriced}.Usually, buy what you know, is a good adage to follow, but you need to be honest with yourself about what you know first and then determine if it is worth buying.

Thanks a lot, that is exactly the same conclusion I was coming up with myself.

At the conclusion of the construction and after getting the occupancy permit, the construction loan in converted to conventional 30year mortgage.