That's what everyone else does, that's why home prices are called downward sticky.Even if you would have bought a house in 2007, which was by far the worst year to buy a house in US history and we are not going to see this in our life time again, by 2015 you would have been whole again.

I've checked out some posts and some people say that although you can assume a mortgage, banks will look at your credit score and unfortunately as I already know, Canadian credit history doesn't follow me when I decide to buy a house in the USAnyone know the answer to this?

How's your credit history?

I am not stating this was the case in all markets, but people who think cash flow is guaranteed need to study their RE history.  

Even if you manage to be the first person in history to maintain the corporate veil of a tiny corporation.

Ft)The first thing I look at before viewing a property is the permit history.

Well, dad decided he wasn't ready for the ensuing responsibilities of being a husband and father and skipped out, leaving mother and daughter in the lurch.

For example, as an investor, I invest in real estate not for the profit, but because I want to generate enough passive income to spend time with my daughters, so that my wife does not need to work 12 hour night shifts, and to leave a legacy for my girls and my future grandchildren.

Both my daughters went to UA.

They show very high numbers on the transaction history totaling over 500k but they told me that's normal, that's the way they are reported and the IRS knows the actual figures.