I know it's a long shot, but I'm currently having lawyers review the signed subscription documents to see if there's any way to minimize the losses here. 

The house, in the condition it is in, is currently appraising at about 350k.

I currently live on the north side so I am trying to see what areas would make for good buy and hold investments.

I would be comfortable doing that with a note business as well, but my main entity is currently complicated.

I'm currently in process of purchasing a home in Kyoto, Japan and wanted to connect with other US Citizens who also own investment properties in Japan.

If you do have enough other income then you dont even need to lease out this property to start your refinance.However if you dont have enough income to qualify with no rental income offset then yes you will need to obtain your lease(s) and security deposit + 1st months rents deposited before you can utilize 75% of this gross income - your monthly PITIA payment (in terms of qualification on this property refinance.So all in all Id make sure what your current debt to income position is first of all (DTI) and then strategize to see if you even need the leases at all.

I am currently living in one of the units and renting the other one.

Tenants should pay  utilities - they're consuming those and landlords should 'inspect' what they expect on a quarterly basis and that includes verifying that utilities are current.  

I currently have a pre-tax retirement account with employer match and a Roth IRA invested in the stock market.

I have a little but Indiana is the market I'm currently researching .