A non-resident alien investing in the US adds wrinkles to tax compliance not encountered with your plain "vanilla" US citizen or resident alien tax return. 

The deal:Actual purchase price: 80K (cash purchase / may refinance later)Units: 8 (2br/1ba each)Rent/unit: $350/moManagement: 10% to manage / nothing to place tenantsTaxes: 1600/yrInsurance: 1200/yrFlood insurance: 2400/yr (yes, it's in a flood plain near a river)The positives:Solid management in place (for years) that is eager to continue.

The home is not in a flood plain and it is located in the Emerson Heights neighborhood.

Welcome to Texas Frank,The only advice I would give you is do your research and make sure you aren’t buying in a flood plain.

Is the park in a flood plain by a river? 

“I am still sick to my stomach to this day,” said Ms.

If you do go, it's because you have a sick relative somewhere who needs to see you before they go on to glory -- the best kind of story for that is an expensive one, like a blind half-brother with a rare blood disease who is only free of constant pain in this one remote high-altitude institute in the Cascades...something so outlandish no one would make it up that at the same time implicitly explains why you need the rent checks to be on time.

Your seller isn't motivated, plain and simple.

that's it, keep it plain and simple, you send them a long checklist and they will not fill it out.

And really a lot of architect plain out won't do condos even though they do large MF buildings because of this very reason.