I rented the other 40% to a complimentary auto business, and was able to obtain a 20% annual ROI.

Hello Ilya,Where are you looking at purchasing your 1st property.When converting a property from a single family to a multi family, you will need to check on the zoning requirements, depending on your location, not every location has zoning.As far as lending goes, it is far easier to finance a single family up to a quadplex, than financing 5 plus units, the DSCR Market for 5+ units is extremely low right now, and there are few if any lenders in that space.For financing 1-4 units, there are Millions of dollars chasing those loans, so you can easily obtain long term financing, at rates between 5-7%.Please reach out if you have a property identified, and I can help you with financing options.

You hire them and they take care of this tasks which includes all the necessary documents and drawings to obtain the permits. 4.)

This is because the sale process affords the more natural process of being able to undertake customary diligence with contingencies, obtain financing etc.

I suggest you do this regardless of whether the PM is licensed or not.Pro Tip: Even in states where licenses are not required for a PM, it's always a good idea to hire one who has voluntarily obtained one.

Hi BPDoes anyone know how to obtain lending for an investment property outside the United States?

What would be your suggestion in this case for me to obtain a mortgage with as good of a rate as possible and leaving little to no money in the property?

How will you obtain background/credit checks?

Thanks, JohnWell, congratulations on procuring this lead, but…..perhaps you should have obtained a little more knowledge before sending out the postcards?  

Obtaining an adequate amount of liability coverage should cover liability concerns.