Once your time becomes more valuable than hiring the repair then it is economically more efficient to hire it out with a GOOD QUALITY contractor. 

The fact that I had a lot of comments on what I said earlier this year this is not a Financial crisis it’s a health crisis.... people were all over me and telling me it’s the end and the economy will be like 2008 all over again.

@Aaron SmithComputational modes should be prepared so the owner understands the economics and cash flow implications of this transaction.

It is speculation.While speculation has its place, it is not something that lenders are ever going to be bullish about lending on (at least in a healthy economic environment).  

Since you're still early in your college tenure, you could also switch to another major if you thought it would complement your future goals like Economics, Accounting, Finance which coupled with property management experience give you various options and a higher floor safety net.

And though we knew the fall in prices was likely to get worse before it got better, the Wall Street Journal is taking it one step further and now asking the question of whether or not the rental price plunge could actually set off the next housing crisis.

@Dave R Ludolph Cashflow... positive cashflow... allows an investor to be nimble in this economic environment (I doubt we've seen the bottom of this crisis yet). 

Aside from the general enduring explosive situation in the Middle East, Qatar has been the victim of an economic embargo imposed by its own former allies from the Gulf.I'm left wondering whether it's worth investing in a place with all these risks, where I don't get equal legal with the locals under the law and all this to make a return of maximum 8 to 15%.The tax advantages sound great but they are of little benefit to US citizens and residents and to residents of most countries, given that they have to pay taxes on their worldwide income regardless of the tax laws in Qatar.

Regarding collections: ours have been much better than I anticipated considering all of the current legal and economic issues you mentioned. 100% collections does seem a bit unlikely, but I wouldn't call it impossible.

Economically perform the rehab while being "hands on" at all?