Like deferred maintenance, (bad roof, worn out water heater/AC Unit, warped flooring, water damage) etc, unpaid utilities,  unpaid taxes, a second loan, unpaid HOA fees, a bad pool, bad reputation, sometimes squatters, sometimes they were drug houses, and so on.

If you can save money and renovate and the ARV allows you to pull your intial capital out sooner, I say go for it!

If I find a deal on an area I would consider living when I move back I would like to be able to pull the trigger and possibly refinance into an owner-occupier loan once I move back to the US.  

It is easier with the app to pull the data in for property of interest, and comps.     

I would suggest buying another LTR where you are and then next, pull out some equity to purchase a MTR property.  

Fees are through the roof. 

We have a ongoing list of each along with their fees and what state they are licensed to collect debt in.

The PM fee is meaningless, 

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Negative cash flow with high HOA fees is a red flag.