You may be better off with a higher rate and the flexibility to access the equity in that property to grow your business or even bail you out of a jam.

Hi Simon, It will be very tough to find a lender that can do below a $75k loan amount to a foreign investor.

Another alternative here could be refinancing although it is likely your rate is well below today's rates.This is not financial advice, I am not a lender... just sharing some insights that have been shared recently. 

If your 5th deal is good, you should be able to find funding outside the banking industry.

Roof would be around $5000.

Since you are in an expensive market, commissions will also be high so you should be able to cover all of your expenses with just 1 deal basically, maybe 2. 

They won a good portion of them that is now being used to fix/repair for all buildings & condos. 

The fees and overall costs of these loans needs to be a key factor including what if the project goes over time . . . . you can be underwater in no time.Underestimating repair costs and overestimating ARVs based on Zestimates are the next stumbling block.There's money to be made but make sure numbers all work WITH contingencies defined and overages expected . . . remember, a project will always cost more and take longer than initially thought!

The land is a good property to be developed for single family homes.

My uncle has done 84 percent for the last 14 consecutive years (these numbers can be proven  and have been well documented) .