You should not be afraid to ask your lender, if you want to walk because you can get a better deal I would encourage you to be as direct as possible (this is what I would do if I were you). 

To be clear, I'm not trying to discourage you but rather ENcourage you to find your path now and save time spent going down the wrong road.

They have no mandate or incentive to encourage US investors to buy foreign property.

@Mack Lane Thank you for the words of encouragement.

Pending home sales mounted a record comeback in May, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic, according to the National Association of Realtors®.

@Jared Feldman I'd encourage you to read Cashflow Quadrant (it's the follow up to Rich Dad, Poor Dad).

So now we have to decide which contract would best fit the situation.I spoke with a couple of attorneys who recommend a JV partnership to help protect him and split the profits 50/50, and they encouraged him to start an LLC, but I don't want to make him do extra work if he doesn't have to.

However I wouldn't mind talking to one, just didn't necessarily want to waste their time as I'm still just soaking in all the information for now, hopefully not too much longer, aiming to get one property before the year end.In either case, thank you for the encouragement, definitely helps!

Closing in an LLC (commercial loan) vs closing in your personal name/conventional loan is something that I would encourage you to look at.

It also depends on how old the property is.........It also depends on what your PM is doing to drum up business.....If you have a PM that "encourages" tenants to put in maintenance requests....the tenants will do it, because the tenant doesn't pay for those requests.