This has been the case ever since the global financial crisis of 2008-2010 which was of course caused in large part by unscrupulous lending practices and mortgage fraud.

Interested to know what you're thinking globally.

I don't believe in the global RE guru's but I do like local mentors as long as they don't want over $10K for SFH investing.

This can be tweaked to be hyper local, or reach global buyers, investors and homeowners right where they are now.

Does a global pandemic cause an economic disaster resulting in your tenants losing all of their jobs and thereby unable to pay rent?

Once you get past the 2-3 property mark, you won't be hands-on managing in any case, I'm guessing - and it makes as much sense to outsource out of state (even more) as in it - if you don't mind delegating, you can make much higher returns when your selection is national or even global.

@Leigh C Here is a PriceWaterhouseCoopers client alert on Act 22: http://www.pwc.com/en_GX/gx/hr-management-services/newsletters/global-watch/assets/pwc-puerto-rico-income-tax-exemption-granted-non-residents.pdf 

@Brandon Turner I'm with @Will Barnard on this one ... no need to curb the cheering for the home team {those of us in ROW are use to the "Rah Rah"}, but attention to internationalisation will be an evolutionary step from a national entity toward a truly global service.

I've been working for almost 5 years now for a global business consulting firm.

The same thing I think about Global warming, N Korea/Russia/Iran launching the nukes, ISIS coming over to the USA and killing us all, etc., etc.