If the housing prices are unsustainable in Canada, according to this, the same would have to be said for Honk Kong, Britain and Australia; unless of course the income growth in those countries exhibit a different pattern. 

I don't know anyone investing in Spain, but I know a few of our investors, aside from the US and Korea, have also invested in Hong Kong, Ireland, the Philippines, Myanmar, Taiwan, etc. 

For example, a roughly 500K house could only make around 2500 in rental income.Even though the property taxes here are cheaper, its really hard to find a good deal, quality house with the same prices compared to TX or other states.In Hong Kong where I live in , the ratios are even crazier!

@James Hong the flaw in your plan is that there are no major job centers or universities in that area where renting a room would be most common, if someone is going to rent just a room they will do it close to their job not 40 minutes away. 

@Mark Hong It is hard to convince someone of something they don’t want to do!

It's definitely possible to find success investing from abroad, and a lot of people have certainly found success in doing so, especially my family and friends in Hong Kong (with housing prices there notoriously unaffordable).

@Mike Fletcher It is actually a Hong Kong based company I am considering doing this with - that entity has the money but real estate in HK is just crazy stupid. 

@Jonathan Hong, website development is my profession.

@Greg Scott @Daniel Kong @Thomas J.

In Hong Kong at least, some of them are just rotting.