You would have to run the numbers but avoid the HELOC use (not recommended when you are just starting out).Making sure you have identified what the goals are and then find the best performing approach to meet your goals has proven to be a path to success.

You'll be restricted to long term market rents because conventional financing doesn't recognize short term rentals. 

So, if you have to go to court, your entity will not be recognized if it has no standing there.Let me also put a plug in for the side that you don't always need a legal entity, at least for residential properties. 

Based on what you've said though, I think I would be pretty reluctant to sell a proven, performing asset here in the U.S. for an unproven, far more risky asset outside of the country.

Your entity will be thrown out of court since it won't be recognized as I am told.STARTING your LLC creation with states such as WY, DE, or perhaps NV is being done for anonymity purposes. 

But once the person is in the property, legally or not, they are considered a legal tenant until proven otherwise. 

If you have a middle score below 600 that doesn't give a lender the greatest confidence in your ability to repay, but if you have loads of experience with that score below 600, you should have no problem getting a loan with max leverage @ great rates because you have a proven track record to mitigate that score. 

If you are using a "conventional" style loan (Fannie Mae or Freddie Mac if you recognize those names) then "sold comparables" or "comps" is the only way that they allow to get a value.  

You can obtain a Phase 1 Environmental Site Assessment which will let you know if there are any Recognized Environmental Conditions.

The real money is in larger businesses that have proven scale that sell in the millions in price and up.