They have a minimum revenue requirement. 

Also, my tax bill was super high this year since my property didn't really require any maintenance last year, and this would be a beneficial write-off as it would buy back time and ensure a quality property.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

Navigating tenant relations, especially in an owner-occupied property, requires a careful and respectful approach.

And to add to the stress, we took out a loan to cover the costs, and now we're watching our hard-earned cash disappear with each passing day.In this moment of desperation, I reach out to this community for assistance. 

Financial freedom requires maintaining your lifestyle for life.

Renovation loans such the 203k, Homestyle, Choice, etc. for a project of your size will require 1 GC to run the project.

@Emre Dura you may want to connect with @Drew Sygit to discuss this in further detail after reading below...All foreign investors owning U.S. rental property are responsible for paying taxes on any and all rental income they earn in the U.S. regardless of any tax treaties that may exist.Since some of the regulations and requirements can be confusing, Logical Property Management (LPM) has created this document to summarize the options for a foreign investor.

The Toledo demographic does not require granite countertops for example.