I'm sure you've been burned before, and if you're doing real business, you gotta operate like one or a charity if you want  but not both together right? 

In my opinion it’s important to stick with an experienced operator who preferably has full cycle experience and knows how to conduct themselves in a downturn. 

If you are operating a business you would raise the rent to market.

I am in the process of writing my operating agreement for my LLC in Florida and am naming myself the “Principal” rather than CEO or President. 

It's a proven concept that evicting as soon as rent is not paid will result in an overall higher ROI for a landlord then one who "works things out" This is why all large scale rental businesses operate this way. 

It will probably be a deal again at some point and great for the right operator.  

@Joe Miller _ I mean get a checking account (operating) + savings (for tenant's deposits).

I imagine the vacancy rate is reasonable, but the very small town was a concern (and still is) and it wasn't going to be very efficient for my team to operate there so I did not pursue that deal from 2 years ago.

Maybe find a bank that operates in both countries if possible or even try an online bank such as Ally, Capital One, or Discover.

Specifically I would love to connect with a house flipper, builder, or an investor to hear about your experience regarding how long you’ve been operating, assets, time it usually takes to flip and sell a home, prices, data tape, etc.