Its why the mods are so tough on promoting..If I was you I would take others advice and save your money and DO NOT buy a single rental in the US... not worth the time energy or Risk..

If it does, I would be concerned about vacancy, since finding renters willing/able to pay the required market rate to maintain cash flow will be tough, and your pool of potential renters will be greatly reduced.4% - 5% is a safe rate, assuming you can meet the down payment requirements.I am interested to know what your exit strategy is.  

Key Milestones (i.e. permits, materials being delivered, etc.) should be highlighted, so you remember to keep an eye on anything that would prevent them from occurring on time.)

This can make for a tough transaction. 

It normally costs me around 2k the cheapest, materials wise.

hmmm - that's tough...let's put it this way.  

Erika C. without exactly knowing where the house is, it's tough to make a call on the neighborhood. 

Great reading material after I get my son down for a nap, multiple professional recommendations, and a concise summary of entity types.

If you can't garnish wages or a bank account it will be tough to collect.

If you are not willing to do that then turn the house over to a professional property manager and let them make the tough decisions.Going forward, there are usually clauses in the standard lease contracts for your area that cover these situations and protect you.