The only good thing to manage your first property is so you have a complete understanding of all that is involved.

I understand the need for foreclosure, for my name to be removed from title.

It seems like a decent prospect for appreciation and cashflow since it's situated between JHU and Penn Station and is the site of a fairly substantial development project (Telesis), but I understand the strength of the deal will be determined by what price and condition I acquire the property at. 

First it is important to understand title insurance should cover this for those insured.

I have not done one myself but understand them .

I understand how to get the properties sold in India and get the money transferred into the US and paying the least taxes but what I want to do is put that property under my LLC and have use it as a business deductions.

I'd just meet with some lenders that specialize in conventional mortgages and find one that understands your strategy.

I don't understand what the estimated principal reduction is and why we would add it to my total return.

They are too stupid to understand the risks as you put it.

An understanding of rental investments.