@Jared ComeauAs a foreign investor, there are unique rules/terms that you should be familiar with.FIRPTA(Foreign Investment Real Property Tax Act)ECI(Effectively Connected Income)FDAP(Fixed Determinable, Annual, Periodic)Is there a treaty between the US and your country?

San Diego is a unique market.

Everything does NOT need to match.Risks: - created my own contract allowing the Sellers to keep the title in their names as we paid for all holding costs and re- go to Bigger Pockets for a contract, and to the Forums for specific advice to your unique deal.Challenges:- deciding on the final design.

Next time I'll go to Bigger Pockets for a contract, and to the Forums for specific advice on such a unique deal.Challenges:- deciding on the final design.

The biggest challenge unique to out out of state investing is not being familiar with the neighborhoods.

The next move would either be to continue to pay relatively inexpensive rent and cash flow the property, creating additional income, or move into the property with almost certainty that the mortgage would be significantly cheaper than my current rent, which would increase my cash flow.What advice is out there for making this decision, how should I look at this in a unique way, and what am I not considering when making this decision?

It is a very unique property.

Disadvantage - maintenance having to paint every 7-10 years Vinyl:Advantage - easy to clean, durable without much maintenance (can last 25-30 years)Disadvantage - can make an otherwise unique property look cheap/generic, more expensive, hard to match if section gets destroyed I think it depends on your hold period, the house itself, and the neighboring houses.  

Maybe he inherited the properties or maybe he is in hot pursuit of an early retirement, feel him out it may open a unique opportunity or be a dead end.

Typically the division of banking has that information, but I'm sure if you google it you can find out if extra licensing is required.