Now I'm back to this vacant property in Canton and although I still think it would make a great MTR I rather focus on acquiring another property and putting my capital there.I'm currently weighing all my cashflow options for this Canton property and trying to find the best balance of additional funds and maximum cashflow.Here are the options I can think of:*Let PM take over and just LTR it (no extra capital, minimal time managing, minimal cashflow)*Find someone to manage the MTR (extra capital needed for furnishings, then either rent whole house or rent by the room, better cashflow)*Rental arbitrage (no extra capital, better cashflow than LTR?)

They have a minimum revenue requirement. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

Navigating tenant relations, especially in an owner-occupied property, requires a careful and respectful approach.

If you choose to go down the lease option route be sure to hire an attorney that understand the very specific requirements need to be followed.Several years ago, Texas revised its lease option laws in response to widespread misuse by landlords who collected substantial option fees from tenants unlikely to afford the purchase, only to evict them shortly thereafter.

They have never paid the 5K back5- Our property management agreement states that it’s required a 90 days written notice to terminate the agreement.

Financial freedom requires maintaining your lifestyle for life.

Renovation loans such the 203k, Homestyle, Choice, etc. for a project of your size will require 1 GC to run the project.

@Emre Dura you may want to connect with @Drew Sygit to discuss this in further detail after reading below...All foreign investors owning U.S. rental property are responsible for paying taxes on any and all rental income they earn in the U.S. regardless of any tax treaties that may exist.Since some of the regulations and requirements can be confusing, Logical Property Management (LPM) has created this document to summarize the options for a foreign investor.