The reconstruction project is taking longer than expected, and I'm facing ongoing fees every month, despite being unable to use the property for rental or personal purposes.

Mike Osterman they have a property manager in this market.

So you should definitely check them out, maybe get in a conversation to understand their monthly returns for long-term projects.

I've considered different options, such as refinancing this home to make the land a separate transaction or even selling my house to build a duplex, (since I am not sure if I will be able to get financing for the construction project if the land and this current home are on the same loan).

The projected rents on the low side if I rented out each of the 3 beds individually would be $1800/month.

My dream project?

Another way to invest is by investing in an LLC or special purpose vehicle as a limited partner (silent partner) and partnering with the managing person of that LLC in exchange for an equity stake.

The projected rents on the low side if I rented out each of the 3 beds individually would be $1800/month.

There are 25 million people in Australia so I hardly think the Australian investor community is large enough for you to be picking up the failed projects of Australian investors on a weekly basis.

Expenses: $1,225 (Mortgage, taxes, insurance property management)Rent: $2400Cash Flow: $1,175Overall I'm looking for a low barrier to entry, and will be screening prospective tenants myself so I'm not too worried about the area being not so great.