I've got a backgound as a director level manager currently over 40 employees, some 20 years my elder right down to kids in High School.

If you don't love and trust your team, you wont get very far in real estate investing. 

Your wife is a US citizen and I assume you're classified as non-resident alien.Really this post is great to educate you on the mechanics of calculating taxable income for a rental property but it's focusing on the minutiae a little bit considering your personal situation.High level thoughts:-Does your wife have an FBAR and/or 8938 obligation? 

I hope to be to that level someday.In regards to the mortgages, the banks shut down the option immediately after I responded "no" to their "is this for your primary residence" question.

You hand over a chasier's check for the amount of your bid or greater and they give you a constables deed (tax) or deed of trust (I believe this is what you get from the foreclosure auction).

I have a wonderful Real Estate agent who we bought our current home through and I trust, so I am planning to seek his advice on market strategy.

Here some interesting info and numbers about the project.Acquired: Feb 2018Rehab - 2 - 3 months.Listed - May 2018Sold - Sep 2018Purchased - $115,000Financed - $110kRehab - $63k (investor contributoin.Sale Price: $224,900 with seller contribution $6kAfter all expenses Final Profit - $21k  - 33% Highlights - Removed big pool and created big back yard, did major foundation repair to get to tolerance level, removed walls to make the kitchen open, all new flooring, new roof, new appliances and whole shebang. 

. - Our intent is to refinance Uncle off of title in a couple of years.Uncle has a revocable trust where most assets are kept.

I pay my rent early, every month to my “landlord” (it’s an institutional level landlord), sometimes 2 weeks early.

I plan to occupy the lower level of whatever is built.