I've also seen a few properties of interest in the lower tier of the Stone Oak area. 

Countertops- nicer new laminate/formica such as the natural stone look Shower- panels are common. 

This makes things emotionally complicated, but I need to move forward.The house needs to rehab and possibly some light upgrades.I want to use the BRRRR method to turn this into a cash-flowing asset—or use it as a stepping stone to acquire more doors. 

Fortunately, tax treaties and foreign tax credits can often prevent double taxation.

Remember, each property you consider is not just a building, but a potential stepping stone toward your financial goals.

I just love real estate also and getting a chance to sit diwn with someone of your knowledge would certainly be a real treat .. 

If you can buy it right, creative terms could make it work, but at $240k cash or full sub2, yeah… you’re squeezing a pretty dry stone, I really hope this helps you a bit, I sent you DM on BP and hope you can assist. 

Do turnkey properties make sense for building a portfolio, or are they better as a stepping stone to something else (like BRRRR or small multifamily)?

The one-year timeframe that many people mention is a good general expectation or rule of thumb; most loan programs dont have set-in-stone defined periods for this. 

Don't ever finish the basement if it is stone/rock foundation.