Loan terms are 30 years fixed and there are 10 year IO options available.Lenders will require a Passport, Verification of Residence (Mortgage Statement, Utility Bill, etc..), Either a US credit report or credit trade line history in your country of origin, US Entity documents (EIN, Operating Agreement, Articles of Organization,), 2 months bank statements for proof of closing, and 6-12 months reserves on top of closing costs and DP. 

.- Good luck getting them to pay their portion for the duration of their lease- Be careful including utilities in the rent as they then won't care about a running toilet resulting in a $500 water bill.- S8 tenants don['t want to pay application fees- S8 tenants cry broke about paying security deposits- S8 tenants in the program for 10+ years claim ignoreance on filling out their paperwork because they've learned a desperate landlord will do it for them.If you want a S8 tenant, you MUST advertise on www.AffordableHousing.com

Not including land or utilities.  

Damage after deposit, legal charge, skip out, unpaid utilities lists go forever.... and of course eviction process takes at least 60~90 days here while lawyers are asking $600 to just start with the case. 

Hi Brett, I would opt to utilize a HELOC. 

-As far as trying to sell land with no access, sometimes I've sold those to neighbors who want to increase their acreage, or utility companies, cities or other public entities who could use the piece for whatever reason.

But 1k a month in utilities definitely seems high.

I just paid off my last utility bill.

One of the methods I plan to utilize is to list the space on craigslist.

While the 3-month mortgage deferral sure helps now, I still have to pay utilities, taxes, insurance and maintenance on my house.