On one hand I like that it will probably cash flow (we expected to break even at best) and know there's issues with canceling reservations.

Well, a lot of life happened and now I am getting back to zero no debt and I'll be renting for now and I am considering a duplex to buy cash or maybe land and some sort of unconventional home but still purchasing cash.

Strategies like living in a duplex or triplex, adding an ADU, or renting by the room can help maximize cash flow while leveraging FHA or VA loans for lower upfront costs.

Looking to net 4 figures a month in cash flow with this unit - the goal is to close 7 more by the end of the year - let's see how it goes. 

Ultimately, you will need to have the borrowed funds in USD and ideally in your US business entity bank account to sail through underwriting with US lenders on US properties.Caveat: the rates will likely be something like 10-12% so it would not make sense on a long-term holding, more like on a down payment on a purchase and rehab value-add project that you will eventually sell (or cash-out refinance) to pay off the borrowed funds in a few months. 

How should I think about cash vs. equity?  

@Brian Chadwicktry a cash out refinance. 

This^^^^^Unless he is loaded with cash reserves and can take a loan out based on his liquid reserves.

Purchase price: $417,500 Cash invested: $37,575 We weren't super happy with anything we were seeing on the market, so my husband and I had just started writing letters and looking off-market... until we saw this property.It'd been sitting on the market for months, originally listed around $550,000.

I have been looking at properties and it seemed like the seller s  based their price on zero percent cash flow for the buyer.