If possible, join your local REIA so that you have local support when questions/issues arise.

BTW, this is a nice property in a nice area, and I am getting a lot of interest from other candidates, so finding another good candidate probably would not be an issue. 

@Jon Loca  I think the biggest issue here is that you’re talking about a condo.

My biggest fear is that there will be some very expensive repairs that an appraiser will not pick up (i.e. lots of mold in the walls and roof, lead paint issues, plumbing needs a complete redo, etc.) and push me well over my initial budget to maybe double or triple what I pay for.

If you build real trust with the seller beforehand, then it shouldn’t be an issue.

I know political candidates have issues with posting their campaign signs on public right of way.

@Ori Skloot had a great post about a 2% deal he did in Richmond.The main issue is that this is not an easy place to invest, but it can be done.

If no one knows what the nationality of the investor its not an issue. 

I know you wanna be emotional because you spent a lot of money and held it so long, but that's all sunk costs.

@Dave Foster, you've nailed my issue precisely.