Here is what I believe will avoid you having an issue with the vast majority of sellers regarding the earnest money deposit amount regardless of the amount $1.00 or $1,000 dollars. 

This is my first real estate property, but it's older and the loan amount is small (less than $200k), so the banks and credit unions I shopped around at are asking for higher interest rates.

Did every major component and appliance get replaced during the latest renovation? 

Wife and I are getting ready to make first major purchase and I wanted to share something that happened.After many months, I finally convinced my wife that the road to success will require us to downsize from our nice $250,000 single-family home in North Central San Antonio into something more modest, like preferably a live-in duplex or four-plex.

If the partnership is throwing off ECI, it may be beneficial for the NRAs to invest in the LLC through another LLC taxed as a C Corp.US tax treaties with the UK and Ireland would need to be examined.Creating disregarded SMLLCs for the NRAs might create issues with lost tax credits due to the disparity in treatment between countries. 

We now have 15 properties, i went to a different model now having contractors do the majority or rehabs and i have handymen,plumber,electrician and hvac guy i can call when i need them.

We purchased the building for 1.1 million, and we were able to negotiate a $30,000 credit.

Right now you are losing $1800 per year. it'll take 5 years of ownership to make selling a better option, but if there is a major capital expense that causes special assessments, it'll screw you and kill your condo's value.

@Luke Carl how do you self manage being far away from all your properties without major issues with STR??

Because  my credit it just average 640,  and my debt to income ratio is high.