I'll be talking to that seller as well (via my friend who will translate) and taking notes about the state of her home.Any of your 3 scenarios to acquire are sound.Just my 2 cents.

Basically, we pay interest every month or the lender gets the house and the rents.So let’s do the math, a $50,000 loan at 8% interest would translate into a monthly payment to the lender of $333.33 per month.

Of course, I'm not sure how much that translates to investors of low income properties.

Is there anyway to alter my email accounts security settings so it sends these to spam? 

Not sure that will translate to higher reimbursement rates which will mean increased income.  

We need help with basic stuff like reviewing and translating various contracts/documents before signing, helping us draft needed contracts, provide some boiler-plate stuff, etc.

He should be expecting his expenses to be closer to 65% of GOI based on the taxes.That's what I thought -- I just wanted to clarify so Sean F. did not use the 50% rule and then further alter the amount be deducting Taxes and Insurance.I think the numbers (with the 50% rule) look good enough to warrant further investigation into actual numbers to see if the high tax number creates an issue.

If the tenants do not speak English make sure you hire a third party interpreter to translate them for the tenant.

I'm looking for a Joint Venture agreement that I might be able to alter some of the language on.

Alter the exclusivity agreement to cover ONLY the properties the buyer broker shows you.If they spend time with you and give you access and you want to do something with those properties they should be compensated.