At lower price points (and rougher neighborhoods) it is actually possible to cover 100% of your monthly mortgage payment (PITI), in the middle range you can probably expect to pay maybe $200 out of pocket and if you go high end on the North Shore you may need to chip in $500 a month - but you also live in an area where rents are $1500 or more. 

Get your own off shore person for 500 per month and hope for the best, or get a pimp!

Hi @Jorge Hernandez - I work for a real estate investing company and we manage short term rentals for investors along the Jersey Shore. 

Just wanted to see if anyone has had any success with off shore banking.

Vacancy rates at/below 2%, great schools (including some highly-rated public, private and Spanish immersion enrollment options) and AMAZING outdoor trail systems and dedicated green space - not to mention the Great Lake Superior and North Shore!

Another item to consider requiring renter's insurance which can help the tenants recoup damages from mold, but also may put them up in temporary accommodations if the home is unlivable.For the owners, I always recommend a to have "loss of rent" on their insurance.

By foreign nation, are you completely outside the US without any US residency or you are on a temporary visa?

Other areas to consider nearby are Willoughby Acres, Palm River, Bonita Shores...

We are doing new construction up the shore.

Hawaii too has a "leave on" agreement that Owners can opt into, thus "saving" the $20 admin charge by the util for the temporary changeover.