If you looked at the individual properties, obviously the one cashflowed great and the other two were negative. 

@Lan Bak, the REIT does have  distribution requirements (one of the reasons they start strong in a market and fade as a market matures). 

After 3 years, it'd be paid off completely. 35000/100000 = 3.5% which is a bit higher than the 1% rule, which seems much more difficult now-a-days in the United States.Business in JapanAs an American, we can go there for 90 days, no VISA required.

BP is an excellent resource for learning about real estate investing and connecting with like-minded individuals.

Could you subdivide it into lots and sell the lots individually for more money?

No issues with property but state is requiring abatement.

Which is to say, like @Matthew Crivelli, you're going to have a hard time getting a loan with bad credit.Now, some DSCR lenders don't require super high credit, but most want to see upper 600s.

Keep an eye out for indicators of population increase or steady housing demand.The BRRRR approach may be appropriate for older properties, particularly if they require renovations.

If you were to purchase a property that does not require a lot of rehab, then you would be able to start renting within a couple of weeks.

I also don't know if changing the insurance policy would also require me to loose the homestead exemption and DV discount on the property taxes.