The gaping holes in the roof are of course a dead giveaway, but that looks like the back of the property, am I right?

Am I missing something here?

What am I missing?

@Amy Herzing Google voice is the fastest and cheapest option.  

So, here is my question, after I take over the property, am I obligated to continue this commitment from the previous owner?

Am I being greedy? 

Am I being too granular?

No wait, don’t answer that, i’ll start another thread)Vacancy Buy in markets with strong fundamentals (pop growth, job growth, job diversity) Buy in good quality B class neighborhoods that would maintain renters even in a downturnSave 5% gross rents for vacancySave for inevitable lease up feesRent Prices Drop My numbers predict i could stay in the black even with a 10% drop in rental prices (see example below)Other At time of purchase i set aside 6 months of gross rent in cash, for reservesSample PropertyThis is a sample property is actually more like a higher c class, but i you could move the numbers up higher and see the same thing with a B class SFRPurchase Price: $60,000Closing costs: $4,000Rent $900Vacancy ~ $45(5%)Maintenance ~ $45(5%)Capex ~ $125Op expenses(tax, insurance, lease up, mgmt) ~ $162NOI ~ $522Mortgage: $261Heloc: $68(at current rate) - $160(at highest rate)Cash flow: $193(at current rate) - $101(at highest rate)I'm a little scared to ask this, but better burned on BP then in real life, so here we go.What am i missing or what did i not think of?

@Robert Gunther The US has a treaty with China, but that treaty doesn't apply to Hong Kong nor am I seeing any particular treaty between the US and Hong Kong as it relates to this.

Am I misunderstanding that?