@Shawn FranksSo just tossing this idea out there...I'm certainly not an expert in your market BUT have you considered keeping the condo as a short term/corporate rental (if your condo association allows it)? 

Steve Harlan at Harland and Associates. 

Many of the people I call ask questions about what the market is doing, and with things moving so fast, it's not as easy to look at the weekly graphs my association puts out.

I will see what I can do to help you by finding an experienced associate in the Bullhead City area.

In addition, I would join your local REIA (real estate investors association) and start reading books on the subject.

On the "pro" side, you do have generally better access to facts and figures, and if you associate with the right people, deals will come your way.

For instance a rental house would be evaluated completely different than a wholesale property (selling the contract to another investor).My formula is this for wholesales: ARV (After Repaired Value - the value of the house after all the repairs are made and it looks great) minus Rehab (whatever rehab is needed to bring it back to look like the other houses selling on the market) - BSH (Buy/Sell/Hold costs - the expenses associated with buying, holding, and seling the property.

I have no SSN, no FICO - nothing in the USA yet :cry: But I believe I can get a 70% LTV no-doc commercial loan on the strength of the asset and the rental income, which is a great start.I'd like to borrow the entire $2M, not just the $1.4M, and I have an associate who is willing to offer up his equity in an Australian commercial property to secure the entire loan.So, if I can offer $3M of security - being the $2M US (Texas) multi-family, and $1M of equity in an Australian commercial property - are there any lenders out there who'd be willing to lend the $2M needed for the Texas purchase?

The ones I held as rentals are a huge pain in the butt.Based on my own experience and the experience of several experienced investors I associate with, here's what's likely to happen with that house should you choose to buy it ... 1.

Much of that can be traced back to the area bankers association and management's view as well as a few local attorney's opinions.The reasons why goes way beyond what gurus or others may think, concerning interest rates and the note being paid.