Yes, you spent time to acquire and manage the property (unless the cash flow can also support paying for a good property manager), but you have none of your own funds invested, and you can use those funds for something else.You ARE recouping your initial funds.  

It will take you nearly 3 years to breakeven on your cost to acquire the loan and see true savings from an interest rate reduction.

@Maura WinklerI would look into getting a portfolio loan against your US real estate to acquire that property.

You can put a little as 5% down payment for conventional or 3.5% for FHA.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

Discuss COC return, run a financial analysis for him and a performance chart showing the ROR after multiple properties have been acquired and cashed-out... good luck.

And can you do it without having the land under contract and/or already acquired?

What held me back were the details behind understanding the financing - both short term to acquire and long term to hold.

Long-term, I aim to acquire multiple rental properties using the BRRR strategy to generate income and improve my community.

Acquire comprehensive knowledge, and then consider moving into the niche of distressed properties.OR Consider Passive Investment: You might want to invest with established, publicly-traded REITs specializing in distressed properties.To all the aspiring women out there, your aspirations are valid, and your dreams matter.

@Matthew Christofferson, since you have a lot of free time and are handy, you may want to look into how to acquire off-market properties via creative finance.