Thanks for the advice.Still didn't open yet a US account because I'm investing with a partner (also lives abroad), and after consulting with a lawyer and CPA it makes sense that my partner and I form an LLC for the property, which means the account I open won't be under my name personally (but we will open an account in the States).I'm not sure how much I like the idea of moving money through a British bank, doesn't it raise costs adding another mediator in the process?

The interest accrued is added to the balance just like any other savings account.

Adding finance means you can potentially earn on 20 our of 20 deals. 

If the city is not doing well financially and not adding jobs its a no go for me. 2.

But, the property being in CA, and every County being in desperate financial straits, they are charging me $8400 in impact fees, plus $3000 for plan check (the only thing being changed is adding a wall to get the living space down to 1200 sq. ft.) 

And of course don't forget that over the next few years you'll be adding to that depreciable basis as you develop and put the new assets into production.

I personally wouldn't touch anything on the "400" block from Rose to Highland (just my opinion though).             

That goes down if to about 3x if reserves I'm currently holding are added to the denominator. 

He added that the other offer seems better than mine because it is full price.5- He suggested that either I update my offer and resubmit or I can keep the same offer.

@Troy Schwamberger you are correct. the 1.2x is a bank standard for lending, even if you are at 1 and not bringing home money, you essentially are making money. your tenants are paying for the house ( adding equity) the bills are all being paid for to run the property, pay insurance and taxes. you also get to depreciate the property and if you do any improvements to the property or repairs that gets deducted or depreciated while adding to the basis of the property, if it is a capitol improvement.