I detailed the reasons why in a post a long time ago and won't do it again because I don't like to be negative and I don't have since Belize is part of Central America, not the Caribbean so it's probably not where Matt is considering investing.

Only in America some can create wealth like this.

Bank of America actually isn't that bad to work with...they are more organized than the other lenders...at least that is the experience I have had with the shorts I've closed with them so far.I'm hoping the $13,487 figure is a typo...if FMV is around 130k...a BPO will come in close to this..making adjustments down for the fact it is distressed and if it needs any work.

My recommendation would be to spend a little more time on your education before looking to buy something.That being said, if you choose to move to another country and choose to buy you need to do your research as many countries don't offer financing like we have here in America.

I founded America Property Source Pty Ltd in 2010 when I moved across the pond to Melbourne, Australia and have extensive experience working with foreign property investors buying in the US.Smart real estate investment is a team sport.

Also, it would seem that the best way to attract foreign investors is to become an expert in what is necessary for them to invest in America, the hurdles that need to be crossed, what their investment goals are, etc.

And for the aggreed value of what I purchased, you are right, I felt then that it was worth the amount agreed upon, but that was before the "Bank" the "Broker" or "Wallstreet" or whoever decided to give mort loans to the Monkeys to the right and left of me and 25-30% of the the rest of the subdivision and America for that matter a loan without checking income, credit, or even if they had a job!

While I've made a modest living understanding the basics of technology and business, I have always known that corporate America isn't my long term calling.  

Stephen Dorsett here on BP with Clear Title America or Fidelity might be your best bets right now.

Finally, if your tenant likes to pay cash/physical check or not as tech savvy with internet, you can issue them a deposit-only ATM card via Bank of america and they can deposit cash/checks themselves at any of their ATMs.