In the future change your buy box to a value add box.  

Others is buying dirt from the farmer platting it doing all the horizontal work then building structures . full gambit .. 

@Jorge MartínezIf the builder is offering incentives to buy down your interest rate and if there is some negotiation room on price the new builds can be a good investment because you'll have a lower monthly payment and new builds usually come with some type of warranty and will have lower maintenance cost because everything is new.

@Cory M.Depends what kind of banking you need, but after searching high and low state department federal credit union (with an American citizens abroad membership first, like 100 bucks) and capital one have worked best for me to avoid the nightmare you mention of trying to deal with US banks from outside the US.

If you plan on buying 1-2 properties a year at $200k, is a commission between $3-6k.2.

BUT, if buying a new investment property you can use 75% of the appraiser determination of the new property.If on the tax return, you can use short term rental income OR long term income.

Congratulations about buying your first rental property!

I buy with an agent and stay away from sale by owner.

Buying another multifamily would complement the 6 SFH and round out your portfolio. 

Hi Rebecca, DSCR Loans are a great tool, depending on your goals this is a doable deal. 75% LTV is possible.The rate is not going to be pretty, but you can buy you down to a 1 year prepay, get your credit up and with rates dropping, refinance once again in 12-24 months.