Additionally, the dollar(the primary currency) is used there and the prices are CHEAP compared to US, across the spectrum - not just in Real Estate.

The house has been gutted to the studs so everything needs replacing. it’s a 2600sf house that is on the lower end of the spectrum as far as neighborhood and around 330k arv. 

We are newbies at opposite ends of the spectrum.

If something bad happens ( get sick, lose my job etc) at least I have a place to live and only have to worry about the taxes etcSo you have to factor in risk....with bigger risk, you have the potential for bigger reward...but also the potential for bigger failure....you have to decide on where in that spectrum YOU want to play

My guess is outsiders end up more in the negative side of that spectrum for a variety of reasons from over paying to buying management challenges they were not ready for.

Plus, you can also access the entire spectrum of investments: debt/equity, commercial/residential, income generating/speculative.

Hi Andy,It seems like you have a wide spectrum of really good responses on here.  

Those houses might sell for 150-200k.Then on the opposite spectrum you might have a $5,000 house that needs $100,000 worth of work to get it livable but at the end, will only be worth $60,000 due to the location.Someone local will know that. 

These follow a spectrum of more revenue/more work on the STR side down to less revenue/less work for a long-term rental.In the end, real estate is a long-term play.

There's a spectrum between the two, but if you've got a well-paying job you're probably best advised to keep that and build up funds to investing with.