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.  

Here come the Boo Birds..Ask yourself first leaving Cali, what type weather in the winter are you willing to want to deal with lol.

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.

I had a furnace that was in good condition but was older and the inspector stated that the heat exchanger could be cracked.  

Is the house in good condition?

If those really are comps for your property, in its current condition, then you're getting a great deal.You mentioned the property needs repairs.