Unless the borrower were in default of their obligations, I've never heard of one having the payment terms changed, let alone being called.

It typically defaults to the buyer to pay closing costs, but that's why many will ask the seller to pay in negotiations.

It should be yearly (I know you haven't owned it long) to ensure that small leaks/defaults get fixed before they become a big issue.Third, do you require your tenants to get renters insurance?

As I mentioned in other posts, banks will never finance a property in a foreign country because they don't have the necessary means, knowledge and willingness to go through a foreign legal system to repossess the property should the borrower default on his mortgage.If you hear or read that somebody got a property financed by a local bank in a foreign country, this is because that bank took some local assets as collateral or gave an unsecured loan.

Fortunately, she is still there and I am not touching it until she moves out.Liability is the only major risk I can think of apart from the quality concerns raised by default. 

Over time, you'll leanr things like negotiating and the going rates in your market by default anyway as you connect with and hire contractors. 

You don't want your first deal to be an absolute travesty.Separately, consider buying rent default insurance. 

Mortgage underwriters assume by default that "repairs" are annual, recurring in nature. 

., the lender must agree to seek no other assets or monies from the IRA account in the event of default except title to the purchased property.

Thus, even by default, this wouldn't be the case.