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The reason why I am not buying any property here is because the Foreign Tax rates is 15%, in addition to the already high priced houses.

You also won't be affecting your DTI as the loan dosen't report to your personal credit.

Is a phase1 environmental report and survey being provided? 

The note won't show up on your credit report therefore it won't affect your DTI.

Typically 60 units would warrant a full time on site manager, otherwise you can have a professional company handle it or have a live in maintenance person that would be able to handle and you have an accountant/book keeper handle the rental reporting. 

     $200 one time     no minimum state LLC tax (usually)     tax prep 10 years ($5000) - and *probably* ANOTHER QOZB Foreign Reg LLC for the out of state QOZB LLC since we would still be living/managing things from CA. 

Call the non-emergency number and report it.

This would also benefit you because the commercial loan wouldn't show up on your credit report.

FINANCIALS:Asking price: 120,000Down-payment- 4,200(3.5%)Closing Costs- 2,400(.02%)(Pre-Stabilization) 1st Year/When I'm living in one unit.Rent: $750/monthExpenses(Monthly): Mortgage:$553Taxes:$65Insurance:$130Total Cashflow:$2/monthStabilized Report(After I've moved out, and both sides are rented.Rent:$1500/monthExpenses:Mortgage:$553Taxes:$65Insurance:$130Cap Ex:$150(10%)Repairs:$150(10%)Vacancy:$75(5%)Cashflow:$377/monthCOC ROI: 68.57%Cap Rate:9.30%Question: Is this a good investment?