If you've always lived in the US, think about the places you have lived.

Hopefully it will cashflow if you are not living there.

I live in San Diego now but am looking to invest in Ohio and Upstate NY.

People are living in them. 

Hello all,I am looking to purchase my first rental property near where I live which is around New Richmond WI.

I currently live in Sioux Falls, SD and I help out of state investors on a regular basis.

They’ll be paying 40% of market rent, you’ll be paying them $3,100/mo to “be good tenants” and you’ll be out $261,000 in rent. 4) think about the “lovely good tenant family” that you are denying a place to live for $1,600/mo (20% under market) because you want this other family to live there instead.5) Try this exercise.

I live in Fairfax with my family as well. 

I personally don't feel comfortable waiting for the IRS to "maybe" approve the 8288-B.

I would feel comfortable enough noting the return in security deposit on the addendum so it is documented and signed.