Yes there is a Foreign Transaction fee but it is miniscule. 

Well what I was thinking that I could do was look for a tax deed property in a decent area (closer to one of the colleges in town) and use my business credit to acquire the property and to renovate.

If I were in your shoes I would request a fee estimate from your lender  

Aloha,While I am sure in many rural areas it would not be an issue, generally the USPS only delivers mail to addresses from the property tax records.To split utilities, it largely depends on how they are currently configured.

If you're doing it for taxes, call an Real Estate INVESTOR friendly CPA.You could also look at a refi with a smaller bank or credit union.

Its going to be managed by a property manager and thus a passive investment which is allowed per h1b rules.However, I am being needed to procure state and county hotel tax certificates which almost seems like I am launching a hotel business in the records of state.I am starting to wonder if this can cause issues down the lane when renewing my visa or applying for green card.If anyone else has a similar experience or own STRs on h1b, urgently want to discuss this with you.

Asking $620k Debt service $4,352/m (10% Interest, 30-year amortization, 80% LTV) Taxes ($1033/m), insurance ($833/m), maintenance($1000/m), property management ($2400/m)Total - $9,613 (very rough estimate) Cashflow with 70% occupancy - $2,387/m (Cash flow pro-forma with adjustments $7,000/m+)What am I missing? 

I just received the appraisal for 2024 and the assessed value will increase $28K, increasing my taxes $600 if the tax rate doesn't increase.

From Wikipedia, Alabama has the second lowest property taxes behind Hawaii.2.

We all understand you want to save on fees and have the lowest rate.