Hence I don't have this capital until next summer :) I plan to learn from now until then

I’m planning to offer consulting services to help foreign investors invest in the States.

In either case, the cap rate to focus on is the acquisition cap rate which represents the UNLEVERED year 1 cash on cash yield you will receive before introducing debt payments.Given the current cost of capital, introducing -7% debt against a -4% acquisition cap rate will surely trash your after debt coc.The only way a 3 or 4% acquisition cap can work is with a healthy value add development plan.

You can max out at 10 conventional loans each if you plan accordingly.

With this you have a higher competition for the same people that are planning to come visit.

It is an old home built in the 20s and we have some sloping and sagging floors that were reported in our initial inspection but was wrote off as "probably due to long term settlement" so I didn't do too much more looking into it as I felt anything major would have been reported in the inspection (mistake #1) We have since been living there, and planned on BRRRRing and hold the property long term.

If you plan to do it yourself, let me know, I have a GC I can connect you with that's done over 20 hot tubs for clients for me last year. 

My husband and I are in the process of buying our first home, a duplex that we are planning on house hacking.

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

In BRRR planning you should start from refinancing the monthly rents backwards.