As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year. 

If you are using it to buy a turnkey property which needs to produce cash flow to be considered a viable deal how does buying turnkey(Little to no cash flow) combined with HML(High interest only debt) make alot of sense financially? 

We are looking to eventually relocate to the States"--that's great, a lot of people want to invest remotely in a totally random market and never go to it.  

Welcome to Colorado and BP!

Unfortunately, such a funding option is not generally available for commercial properties, unless your LLC or Corp that is the borrower has other "unencumbered" assets that can be leveraged to generate the funds you need. 

If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units.

Hi Mehdi, Welcome to the U.S.!

You would need to bring everything up to code currently and that's going to be cost prohibitive.

In this case, you can use Rental Income from the units that you will not be living in and that income can count to help you qualify.FHA rates are going to be lower than conventional for you almost always, but FHA does have a 1.75% funding fee. 

I've found that if you're going to do section 8, a lot of your trust is in the property manager to make or break the deal.