Perhaps your JV partner can front some of the cash in exchange for 50% of the profit on the back-end.

In a fund model the investor makes his money over time and the economics to the managers are in large part directly tied to the return we achieve for our investorsReduced management time / ability to be hands off – we would suggest that for most accredited investors, the amount of time it takes to properly understand and optimize the performance of the business, even if it can be achieved at all from a long distance and without becoming a specialist, is probably better spent on other activitiesBenefit from greater economies of scale than one can achieve with individual purchases – everything from materials purchasing, rehab crews, property management etc.Advantages on debt – specifically: Funds’ debt is non-recourse to investors whereas individuals’ debt is typically fully recourse to their other assets in a worst case scenarioFor many foreign investors debt leverage is not available at all or not on competitive terms, so this is a particular improvement for foreign investorsEnhanced exit scenarios, specifically becoming attractive as an institutional roll-up, with the better potential exit valuation that may drive vs. a one-by-one sale scenarioWe have bought and managed 2000+ homes in a range of markets for institutional investors in the past few years and so definitely bring best-in-class management experience to the venture.

I work with foreign and out of state buyers as I had been investing from overseas myself before I became a full time investor in Houston.

Do many foreigners own property in Spain which they rent out to tourists for something like vacation? 

We exchange information and he gives me the owners name and #.Fast forward a few weeks, me and real estate agent still can not get a hold of the owner and the reason I am hopping on here is to ask the community how best would you go about contacting the owners to buy this property.  

I found a small, local moving company and negotiated a discounted rate in exchange for them getting all the business I generate for them.

You can theoretically be holding while not present, and should not face any risk of losing ownership - unless you are a foreign diplomat based in the US, or you have some sort of personal ties to the government of your home nation. 

Or exchanging for another property with a 1031 after the 5 year window for capital gains.

First stop was the cracked heat exchanger on the furnace , I get the home inspector to show me the crack .........................  

As a host, I've been personally called by AirBnB to host guests who had their original reservations cancelled in the surrounding area, so that's been reassuring to know that they would go those lengths to help guests out of unfortunate situations, particularly important if it's in a foreign country (I've never had this happen to me personally when I was abroad though as I was lucky with great hosts).