I just worry in my financial situation I wont be going for a long time and would like to know more about that aspect.Anyway, thank you all!

Am I wrong in assuming that this is fundamentally a better situation than borrowing and buying a house by yourself?

They won't be local to you but with Skype and scanners these days, it is more important you get an expert in real estate and someone you can call day or night with questions and who will work with you to create the best tax benefit for your individual situation.  

However, it is important to find the right level of leverage for your given risk tolerance and financial situation.

One other thing you could do is to call area banks and county people that have sent out notices and get on their list to alarm you when the send a homeowner a notice for payment.  

This creates a WIN-WIN Situation and gives the Realtor incentive, to work harder on your behalf. 

Cap rate , CoC are all only good as your inputs and relevancy to your situation.

Hi Darryl L, I'm in a similar situation, but not abroad.  

Buildium is too expensive for your situation and Excel gets too messy. 

Kinda different situations if you pay off the loan for the people and if you buy the loan from the lender.