There is a clause about the tenant's maintenance responsibilities that says the tenant will keep the premises clean, sanitary and in good condition.

However it would depend on the conditions too.

I am NOT an expert, but it would seem to me to be treading very close to a prohibited transaction.  

I would get the new rental property in great condition and live in my personal property in less than great condition until I could afford to spend money on it.  

We did your standard inspections and all professionals that came by agreed that the home was in fantastic condition.

All are in good condition, rehabbed (fully gutted) about 3-5 years ago.This would be my first deal getting into rental investing in US.  

E.g real estate loans are given at an interest rate of 20 to 25% for a tenure of max 10yrs and many other conditions attached.Now my question is which states in US , UK  , austrailia Etc, has a similar pattern with Nigeria or Uae market.

The problem with general price inflation greater than 10% no rational entity would commit money to loan when economic conditions rendered his transaction a certain loss.  

-Small property about 1200 sq ft or so (as I mentioned rough condition and would likely be torn down)-Listed at 300k-Lot area 20,000 sf ftHere's where it gets interesting, and I need the help to figure out what an offer would look like.

I do believe that networking is the way to go and I go to A LOT of networking events where I meet locals, discuss RE (and other stuff) , and get insights on local market conditions.