So here are some details on the property: it is located in a prime, very central location in the old town of Lviv.

I've been using the Moore Team - they'll do 75% LTV on the rehabbed appraised value after 6 months. https://www.fairwayindependentmc.com/locations/geo...I work with Bob Nolan there - he's great! 

Since I can't locate and set fire to the offending unit, I'm hoping there are preventative steps to keep them at bay. 

In these locations, we rent furnished rooms, since most international students are arriving with a suitcase and ambition, this approach has proved to be popular.  

At this point I just do a driveby, I am more concerned about location, neighborhood, size of house and property than how distressed it is.

@James SyedI worked with the VP & Branch Manager of the Rock Hill location, and he directed me to the right people after that.

I currently have enough money saved up to purchase a 3-4 family using an FHA/FHA 203k loan in my desired location, which is Worcester, MA.

What geographic area/s do you cover?

It can be a great option, or it could be a terrible option - running your numbers as Michele mentions above will help you choose the right path.Many of us have worked with HML's, and as selfish as it is - I don't give out my best guys because they are relatively small and they might not have enough in their coffers for my next deal if they get too busy with other investors.Also many lenders work only with specific types of deals in specific geographic regions. 

Tertiary goal is to learn enough and build enough so that when I do retire from the fire department I can take my knowledge and skills with me to my new location - most likely a beach somewhere in the Carolinas - and be able to invest locally in beach rentals.