I take this opportunity to correct a wrong assumption I had expressed in my original post: When a foreigner inherits a rental property located in the US from another foreigner, the exemption is not actually $60k.

Gotta find that 1 in 100 loan originators that'll actually review your paperwork and do the math to confirm; most will laugh at you right before hanging up.

Sometimes a pro-forma is just a sellers hopes and dreams, proof the projections against reality. land sales usually don't spin off these types of returns unless they are in or around resort areas or major metropolitan cities where new construction is coming, not sure how a mountain would play into that scenario unless it's mountain cabins.    

What is the actual amount it will cost to put a roof on it and carpet it? 

Just goes to show the info you find online never beats an actual experienced local person.

What kind of person that actually knows what they're talking about is going to sit here and write The Book of Jared just to help you out?

Hopefully that helped a bit if not I'm sure I can dig up actual numbers for you.

@Jason DiClemente I actually told my realto 80 no more then 88 or should I be willing to budge a bit more ?

The more you learn about it and actually do it, the better you become. 

The actual leases are the true info.