Under the best circumstances my quick math puts you nearly $700 in the red each month.If your biggest concern is the electrical, why would you assume you can fix/replace everything yourself for only $10k?

I am a new investor, and am wondering if a home situated next to someone on the local sex-offender registry is enough of a red-flag to warrant letting this home pass, or is this something that can be accounted for when setting a target selling price? 

They’ll ask questions that you may not have thought of yet and they won’t lend if they don’t think it’s a good deal, which should be a red, at least yellow, flag to you.

My husband and Bob have been friends for years, we've never seen his home, and there have been some red flags that make us believe Bob could be a hoarder.

Hopefully, the area is not over a driveway or any other structures as it would make this process a lot more complicated. when this arose at the inspection, it should have been a very big red flag for you.

There are some lenders out there that have products for foreigners - more red tape, more fees, interest rates in the 6-7% range and 30-40% deposit requirements.

However I have never seen (or been party to) a disclosure form saying "Broken light cover in master bedroom", "Chip in kitchen counter", "Square cut from carpet in closet".

If you don't have the yard square footage, things get more complicated fairly quickly.Having been through the process a couple times already, I would recommend having Kekai's Pumping or Akamai Pumping find the cesspool and check it out before closing to assess your risk of near-term failure.

If you are considering this type of investment, the quickest way to analyze cash flowing properties would be through the four square method. 

For their area, they analyzed a number of rehabs that a particular team had done, then estimated the cost of rehabs per square foot after they completed the projects.