There is a remaining balance of 50k.

So I had to hire an additional person just to do translation.Once he got inside, it was about a 9/10 in severity.I will let the photos speak for themselves.Not only was the property in disrepair but there was a meter high sea of rubbish.The whole property had to be stripped and the plumbing and electrical redone.Let’s just say it was an arduous process trying to project manage a remodel from overseas with a contractor I could barely communicate with.I ended up parting ways with the contractor when the house was 90% done because his hours were becoming less and less yet his weekly pay was remaining the same amount.I then found an amazing contractor who I am way happier with now and I wish I’d worked with him from the beginning.I have just finished the house and rented it for $1100.

I do not want to tie up this much cash in my next purchase.

These properties have income restrictions and must remain on the USDA-RD program.

When I'm looking for condo deals, I subtract the HOA fee from the rent, and then expect the remaining rent to be 0.8-1% of the purchase price.

I am currently looking at new construction SFR as an investment north of Seattle area, in a development with one remaining home where framing has just been completed, electrical work to begin soon.

Keep one cashflow for your Starbucks and use the remaining 7 to pay each other off. 

He is extremely tied up in the NCAA tournament, and has been for years.  

Those are excuses for remaining in your comfort zone. 

If so, they remain under that lease and those terms (including rental price) until expiration.If this isn't the case, send them a letter advising that you are the new owner and that their rent payments are to be payable to ( you) and sent to (wherever you want) by the 1st of the month.