@Sharry NelsonHave you thought about teaming up with a large rehabber in your area, to offer your design services in exchange for some mentoring, overseeing of a flip? 

I want to do a 1031 exchange with that.

Also are there any investment clubs (focused on First Trust Deeds) where such like minded people meet and exchange ideas?

My proposal was this: we buy properties using his DTI capacity (which should be enormous as he makes alot of money) and in exchange he gets to write off all of the depreciation from the property, because, as I understand it, only one person gets to write this off anyway.I use a property manager for my current rentals and I plan to keep them for this venture.

But yes, since they've printed gobs of Yen, and we have a very strong dollar internationally right now, it's good for exchanging currency. 

This means a foreigner can give you as big a gift as he wants.

@Sandro Sossi my past experience with foreign nationals getting US traditional funding has been that it is hard to do so.  

Your net sale price will be your gross sale price of $450,000 less your routine selling expenses such as your broker's commission, title insurance costs, escrow or attorney closing fees, recording fees, 1031 Exchange fee, etc. 

And I'm here to stay.Btw, by "mentor" I meant someone who's willing to teach in exchange for thousands of dollars upfront and a bunch of other undisclosed fees during the program.

Is 1031 exchange a plausible option?