I picked up this off-market 4bed 2bath that needs some polish for $12k in October. 

The currency exchange rate is very attractive right now, it is almost 4 to $1, and while it is not possible to predict precisely the currency movement, most likely the dollar will get weaker and polish zloty get stronger, by looking at the history.  

Potentially you could use depreciation to lower the Polish rental tax even more.

It's very close to Little Poland (Broad St - lots of good polish grocery stores and restaurants), so that's a plus.  

Their children scribbled with permanent marker/crayons/nail polish/paint on a 2 year old carpet, walls, ceilings, doors, cabinets and backyard stucco.

The houses hold the beauty, I'm just polishing them up.

We do not yet have our credit polished back up from before this REjourney started.

We have a similar housing stock in Milwaukee: most of the city was built in the early 1900's - about 100 years ago by German and Polish immigrants. then the great depression hit followed by WW2 - we have almost no houses dating back to those years.

I polished it up with my own elbow grease.

The tenants pay high rental rates for energy saving rentals and the higher rent allows me to rent to a more polished family.