Canadian's buying cash-flowing properties in the US - help a beginner!

[Harry White]

Hi,

I own 4 two-bdr units in Vancouver BC. Our market here is purely appreciation/principal pay down strategies for investors. Now I want to invest for cash-flow so my wife doesn't have to work anymore, I am looking in the US because CAP rates in BC are quite low.

There is so much information on this site that I don't know where to start looking for people who are Canadian and have done what I want to do.  I really want to find the discussions the real risk factors, and the issues like legal, tax implications, etc.  

Is it a good investment to buy a $40k house in Kansas City with a 15% CAP rate? Sounds crazy to everyone here I talk to. They think I'm insane.