So, I may have to find out who this person is or simply go to closing and be prepared to deal with this occupant.On the other hand the bank is having trouble providing the legal corporation paper work required by my title company. here is the latest email from Title to Bank: “Please have the seller (the  bank) contact their attorney to provide the needed paperwork.

I have not heard of a Personal or Business policy that covers loss of rent due to a tenant chosing not to pay. 

I definitely would not touch the 3.75% personal mortgage and hold that forever. 

HOWEVER, I personally always prefer to own the entire property.

Prior to this we did get the occasional person thinking it was too cold, but we only get that about three times a year now with 3 pool cabins.  

Or perhaps the seller can provide you some financing.My guess is that any US-based lender would be making more of a personal loan than anything because it would likely be hard for them to put a lien against a property outside the States.Perhaps there are private lenders in that country that would be willing to lend to you as they would be more familiar with securing loans against properties there.

Regarding background checks you can use many different apps or software, I personally like Hemlane for tenant advertising and screening.

The value add will include TI's and renting out the 50% of the square feet that is vacant.The hangup is that in a TIC structure we have learned that every person must bring money into the deal to achieve an equitable split.

Here's why:People who spend all day crunching are almost never viewing in person.

Also, as I am in CA, it would be impractical to be "boots on the ground" for an extended length of time to visit properties and  attend numerous auctions in person.