In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.

I would like to hear your opinion on purchasing a property in another country, like Paraguay.  

I’m going to forge my own path.

I think that is absolutely right path for the big owners like you.

Hey Eli –Given your situation, DSCR loans could be a solid path, especially if you're aiming to expand your portfolio.

Our mortgage brokerage works with real estate investors all across the country who face these same decisions regularly.

While some lender will allow statements from other countries and will convert to USD, the path of least resistance here is to have your funds already in the US and create a US based entity to vest on title. 

Sounds like you are already on the path to being an out of state investor and with the right team that can be powerful.  

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

Anyway thinking for a bit we will continue on this path and look for more old houses but, of course, the price has to be right vs the amount of work that has to be done.