Stay away from international blvd.

The problem I find in BP is that most people just don't understand these calculations.It's an Internal Rate of Return Calculation broken down by what the selling price of the house would be at the time, based on the Value of the house which is dependent on the Capitalization Rate and the NOI.In other words, those calculations projects your rents and expenses out for 20 years, as well as calculates the Value by using a 3% appreciation Rate, which is extremely low.It then seems to add all of it together and spits out an IRR of 9.24%The problem is that the majority of Investors anywhere, not just here on BP, just doesn't really understand that kind of calculation.Funny, but this is the kind of calculations that I really think all Investors need to know.What you would really need to know is not if this is a negative cash flow or not, but can you carry the $347 per month loss until the time it break even in cash flow, which those calculations don't tell you.Then, if you can do that, by the 20th Year, taking everything into account, including the negative cash flow for that short period of time (I can calculate it but am pressed for time when you would break even on cash flow), it would be the equivalent of putting your money into a Savings Account at the rate of 9.24%Now, that's not bad as an Investment.Also, the 3% Appreciation Rate may be far below what is the historic rate in that area so it could be way off and that would mean you get a much greater return.ANYWAY.... my views are very much out of the mainstream but that's because I fully understand all of the numbers you posted.

There are plenty of loans you can get for SFDs that are more commercial and will not be treated the same as a residential loan that must adhere to Dodd Frank and other legislation.

I work for a large international design firm and have worked on a lot of different project types; commercial office buildings, a few high-rise residential projects, and even a single family home. 

As they are international investors, they won't be able to get any financing, so any deal(s) to be made will be all cash deals.I've done tons of reading and listening on BP, but I feel like I am still way over my head.

I have asked a few locals and they said anything they had wouldn't be a paid position, more like intern. 

All-in-all, it seems as though it's a pretty straight forward transaction once the money has been wired internationally.

We've really hit the BiggerPockets Podcasts hard and have been trying to internalize as much as possible over the last few weeks.

Written by Chris Voss - A former international hostage negotiator for the FBI.

The Internal Revenue Code specifies the depreciation period for residential rental properties is 27.5 years.