If someone has not viewed your place you can simply call them and tell them it was rented.A few years back I had a tenant who viewed my place, wanted it but did not have any type of deposit They  would get back to me in a few days Needless to say a new tenant showed up gave a deposit and I rented to them.

If, say, a Canadian were to purchase a U.S.A. rental property in their own name or as part of a {flow-through} partnership, their earnings (minus a withholding by/for the IRS) will be repatriated and taxed in Canada.  

I'll say A, only because most of the realtors I know are just like most of the people I know, living from paycheck to paycheck. 

Can someone suggest how they'd do it on say a $400,000 house?     

Say a deal like this trades at a 12 cap .

@Julie Verardi I'd say a you wouldn't be able to find a good real state attorney for less than $1000 to close on a two family in JC.

I checked with the town code enforcement officer ahead of time to be certain, and he did say a new shelf plan would be required when I do the conversion from the 1 to 3 bedrooms, which is fine by me.

Would this kind of loan offer a decent return vs. say a FHA or 203k loan for the purpose of a flip?

With higher end properties in say a mid west market were Curt is remember you can buy BRAND new construction for 140 to 160k a door this is what buyers will compare to your 20 YO house thats been a rental.. to get retail value you would need a major renovation.I have been doing some renovation deals in the mid west last 3 years and you have to totally dial them in to get anywhere close to an appraised ARV or what you think is retail.. and I mean totally ... buyers in these markets have an over abundance of choices.. you may find that TINY pocket that is hot but other than that I think my statement is pretty accurate based on my personal experience in the mid west marekt place since 2002.

You find someone with $15K who sees it's, say, a $40K property.