Then an appraisal works to my benefit and the quality of the property would be very close (as I said the property I purchased had relatively cosmetic renovations such as painted cabinets).

Currency pegged $2BZD to $1USD (low inflation issues), Official language is English since it was a British Commonwealth, Property rights and laws are basically the same as the US since English based, 2nd/3rd world thus still Rough which I like (has flavor), 2 hour flight from Houston/Dallas connections, land is relatively inexpensive.

I have good connections in the industry, and have a close relative who is a real-estate agent in the area.

Most are relatively the same.

Dan, I appreciate the thoughtful response, many things to consider and certainly a lot of great information.For the expenses, yes at 33% I would agree it is a little thin.You bring up some great points as it relates to opportunity cost and the payback period with a large down payment.

I use it for direct mail marketing return address, and almost anything business related.  

Being relatable is important maybe not for a tax expert but for an advisor with collaborative relationships it is very helpful.     

can anyone relate to me being tempted to chill out and do nothing?

Tornado, wind, hail, flooding if in a low spot, general weather related.

The only time you would see a fee related to maintenance would be a project management fee if multiple trades are required during a property turn.