I see two ways to calculate my investment:1) Historical approach - the amount of the original downpayment plus renovation costs and 2) Present status - the value/equity that is tied up, but would reap if I sold it. 

Wow, that is an amazing approach, like I said I knew about it, just didn't know of all the benefits it offered.

It can do a 360 of real estate listings, follow your kids, and keep track of all those great tricks in sports!

What would be the goal of this approach to investing?  

It will force us to take a more hands-off approach to managing the property, which I have heard is a good habit to get into.

You will have some rental history on the old place, hopefully a bit of equity & they can give you a good idea of what terms they are willing to offer you, which in turn will give you some guidance on how you need to approach your next deal.Best of luck.

I have not yet done anything in this situation so I'm trying to get as much homework done before approaching a potential partner to split the deal IF there is a deal.  

I don't know what percentage of them would be interested in U.S. real estate but I was wondering if anybody has advice on how to approach them. 

I also do it on the phone and I sound more approachable - somehow it reads over the phone.

@Ruth Bayang my personal approach is to ask them what they are currently getting and do significantly better than that.