And you can quite literally walk there from the U.S. side if you didn't forget your passport at home :) Of course, I don't know how much (if at all) this could affect a hospitality business, so I would continue trying to find someone who actually operates an STR here to find out more.  

Bottom line is buy as big as you can reasonably buy once you are out of small multifamily. 

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Comps can show one thing but actually closing can be another.

Actually, I think you missed my point.

@Christina Galdieri Sorry, the actual location doesn't matter.

The biggest mistake I see out of state investors make is relying on others too much for direction and guidance instead of doing their own due diligence and building their own team that they actually meet and interviewRelying on one person who alleges that they have a 'team' built already that you can use as well can be a costly mistake.

Is just the fact that no garage could be a no go for some buyers enough to build it even if it only raises the value by the actual cost?

Regarding finding discounted deals......That is the reason why I started a wholesaling business. 

@Lorenzo L There are many reasons that investors buy properties like this.