The previous owner was paying 2000.00 a year to much for insurance so that brought their cap rate down.

CvilleCPM has a pretty aggressive approach and I've butted heads a bit with him over this board.

In this case, obviously I'm not concerned about cash flow but again, believe that out of state is where my resources can be used most effectively and I'm confident that if I approach it properly, this too will be a successful strategy.In short, it may feel less comfortable investing far from home but as someone who has researched opportunities in many different states and dabbled a little, there is definitely potential.

If the sales tactic took an agressive approach, it may or may not create more conversions.I personally, don't pay any attention to a pop-up or pop-down.

I once brought a 3 family foreclosure for 20k and rented it out for $1,500.

Unfortunately, this type of investment can be a timeshare sales approach thinly veiled as an investment opportunity.

Is there something that I am missing in my approach with them?

5) If you got the loan, brought the taxes current and did the repairs, would it be worth it to move in yourself?

The seller (the wife) brought a few Realtors through the home (without her there); while he was there.

This is not detailed step-by-step approach, that takes years of experience to master and I would be doing you a disservice if you closed this post and felt you could go out and find your own international preconstruction investment opportunities on your own.