I also had a renter that received the $1,200 stimulus and $600 extra a week on top of her regular unemployment.

They will charge 8 to 10% based on property condition and the local market.After you remove all the extra expenses from your balance sheet, this deal might be tenable. 

2) Would it imply extra expenses for being a non US citizen on the purchasing and owning of a property ? 

You should be at 70% to 75% after everything. this way you DONT have a bunch of cash left in the deal.Also, about $200 per month: Once you get more deals, you put extra money into getting 1 or 2 paid off.

I don't know if I just got lucky or if putting in the extra effort paid off!

Just seems suspicious that they "forgot" to tell me about an account they opened for my LLC that I don't want.PS - I just received the $86 invoice for the mountain of checks they sent me and I'm extra annoyed.

@Eric Johnson - Buying other property with these funds will definitely have higher ROI but again the extra cost I’m ending up paying is way more and is increasing the debt by almost 50% more than what I get as cashout.

It took slightly longer to rent than I had expected which meant I paid an extra months holding costs but overall a smooth process and a fantastic learning opportunity. 

I did it on one of my old 401ks.I am using this extra money in my flipping business.

I'm aware of the extra steps I'll be taking by paying for the utilities and the fact that if the tenant doesn't pay rent, I am ALSO on the hook for utilities not paid.