Hi all and thanks for responding@Chris TanYour suggestions about finding someone in Israel are great, and that is on of my missionsActually I just came back from a friend of mine - American, and he gave me some phone numbers and other contact information of people here that invest in the US, and people in the US that invest in real estate, so it is a good startUntil now I was actually gave up on this idea, and start looking for investment here in my country, although it is expensive (and yes..our low priced areas more expensive than bigger houses in the US) for two reasons:1.

I quickly sent out a text to the concern tenant to low or stop playing the karaoke.

Good rates (for HML) and low closing costs.

Not sure conventional loan would work due to such a low loan amount and also close in 7-10 days.  

Failing that, always assume the worst anyway, and explain to the Seller why you are fully justified in giving them a horribly low Offer.

RE taxes are pretty low compared to the state.

If I can subdivide I will be able to put up two houses that I will plan to list in high $500k to low $600s each (smaller lots and smaller homes but new).Thank you.

Building is 1968- will have to find out about lead paintPitched Asphalt Shingle Roof with aluminum gutters, Ill have to double check but think its 5 to 7 years old.Separate meter for electric but owner pays for heat (Oil-- not sure conversion gas is worth it but option is there)Good question about wiring, i would've never thought of that..I would assume I want it to breakers..

Had to replace a frost-proof sillcock.Even some years back when we had a serious drought, the water was still good - little bit of sulfur smell in the heated water, but that's it.

Keep your overhead as low as possible.