Hi @Renata McCulloch & @Cameron Sigurdson to get a good quality note you should be prepared to have more like $50K available, although your IRA can partner with another party to combine funds to take down a note via joint venture.

I am 59 and now I live in Coppell and was born and raised in Dallas Texas.  

Chances are the ability to get the funds out to do the next deal and capitalize a bit more is probably better for our goals in the long run. 

Raise the rent if they won't sign a new lease.  

My concerns would include 1) crime, 2) proximity of other buildings you don't control, 3) (local) apartment supply analysis, 4) scope of capital requirements, 5) rehab grants/funding, if any, available 6) loss run report @Patrick Madigan I am in the Fuquay area for about a week and would take you up on visiting the property if this Friday or Monday next week....

And you can raise rent with a 30 or 60 day notice, whatever the law allows.

The only way your should consider this is a direct payment to the IRS from the proceeds after funding

Hi guys,I'm looking into a first home purchase in the next few months and owning out of state rental properties using funds from overseas.

I have less than perfect credit and pretty much no cash to put into the deal with a hard money/private lender/crowd funding.  

I was born and raised in MN, and grew up in the Saint Cloud area.