Prices are going down in most major markets now. 

Doing my first painted floor (a nod to 'European style painted wood floor")  Will post pics when I know how it comes out.

That amount is a bit over 50% on a property that you're proposing to do $50k in rehab on, so that does seem reasonable assuming the you've got good numbers in the $1300/mo total, and that rehab addresses most major systems.  

@Nate Anglin The Europeans are major investors, but I was surprised when I first caught wind of the South Americans, because you don't hear as much them.

I wouldn't be worried about moving and relocating, I know European people buying and running properties in Florida.

These things have happened in areas of most major cities in America(albeit not as severely as Detroit).

A few eastern European sprinkled in with the odd German etc.

We know we have a small but growing community of non-US investors from countries like Australia, The United Kingdom (UK or England, Ireland, Wales, or Scotland), New Zealand, and European countries.

The people that actually do business in Phoenix will be the first to agree with you and Albert that it IS a tough market right now.Yes, there will always be motivated sellers with distressed properties, but the inventory of distressed properties is lower in most major markets.From CNBC Sept 3 ~Home prices are also trending higher in part due to the fact that there are fewer distressed properties for sale.

Leading to a Brexit from the European Union, like Great Britain just did.