We were pleasantly surprised how easy it was.

Since they are unable to travel to the U.S. in time for closing, should a notarized document suffice for the title company?

I will state that he was pleasant and accommodating.

I'm also interested in purchasing some of these types of properties that have large lots, so in time as the area becomes more sought after, the extra land will yield some opportunities.

However forceful and authoritative or as pleasant and non-threatening as you want it to be, plain English preferably, that says (1) You must surrender possession to me and (2) (optional) you can stay if you sign a lease with me.If it is a six month notice before you can file the ejectment lawsuit, you want it pleasant and non-threatening.

Is it different in that IRR relates to multiple future cash flows while cap rate is a fixed rate in time?

I've said it before on here - if I could go back in time, I would have lived in a van and ate Ramen noodles every night, saved every dime, bought my first SFH, lived in it while I fixed it up, put it up for rent, moved back into the van, repeat until the income from the houses became self-sustaining.

For the most part, if any of this gets to a lawsuit...you've already lost...in time and money.

I may have not gotten away from it in time without my realtor's advice.

But I think it is much better to play it safe and save cash for this period in time if you are not done investing in RE.