I certainly take your point about the UK (and particularly London!)

It is a risk, a gamble, but it might pay out. 

Not unless you truly enjoy gambling. 

Sure they can but my word of warning is... it's gambling not investing and you set the limit you are willing to lose before you roll the dice. 

Besides, appreciation is gambling, and it is also long term, so it doesn't effect your current financial analysis.  

My husband & I have been in florida from the UK for 2+ years.

Amortized over 30 yrsIncome:Total Gross Monthly Rent: 2,845 (if both units are rented/1,500 if owner occupies top unit and rents out bottom)  Seller thinks 2,945/month for bothFixed Landlord-Paid Expenses:Electric & Propane: 360/month (seller currently has them on one bill so I put 360 into the 'electricity' field)Water & Sewer: 65/monthTrash: tenant pays for their own trash service / owner occupier when living on first floor unit hauled his own trash to dumpInsurance: 90/monthProperty taxes: 550/monthVariable Landlord-Paid expenses: (A bit of a gamble: I put in low percentages here in efforts to make this look like a better deal, rather than being more conservative with higher/safer percentages, so I’m curious your take on this:Vacancy: 3% (88$/month) -I don't think it'll be difficult to rentRepairs and Maintenance: 3% (88$/mo) -It's freshly rehabbed...though yes, I know there will be unseen repairsCapEx: 3% (88$/mo) -It's freshly rehabbedManagement fees: 3% (88/mo and I would be the manager)Future Assumptions:Annual income growth: 2% Annual PV Growth: 2%Annual Expenses Growth: 2%Sales Expenses: 9%Are there any other expenses I'm not seeing, i.e: inspection/appraisal (or does the seller pay those) etc?  

It's less of a gamble than just buying a parcel and hoping someone will want it one day.Clint

Somewhat of a gamble...2.

It feels a bit unpredictable, a bit like gambling.