Thanks No US Based lenders will lend overseas.

What type of insurance do I need to have all my bases covered during and after rehab?

One nice thing about selling a primary residence (after 2 years of living in it) is the tax free capital gains.I prefer to structure my investments to avoid forced sale - you want to be the one to decide when you sell based on market drivers not cash flow crisis.

At the end of the day land value is bases on what you can put on it.

Some SFRs will also replace older still-functioning items based on their age and likelihood to fail.

The only issue is based on my research once I pay off most of my debts and save up some money I'm not sure where to start.Since I'm not able to save up $10K plus to buy a rental I am looking at for alternative investment strategies to help build up my initial investment (ideally $30K-$40K).  

This can take some negotiating on your part.Another approach is simply look for a lender that does't base the loan on your income.

Rubs is ratio based utility bill split in case you haven’t heard. 

Based on your numbers above I cannot imagine any of this would be an issue however as your DTI should be fine, but no one can give you definitive answers without an application.2. and the last sentence of the above IS the way yo insure a smooth process.

Rate seems a bit high (at least ~0.25% I'd say) based on the info you provided and for a 5 year PPP, but that lender might have more info than what everyone here has.