A lawyer gave me nightmare scenarios.

You can still find positive cash flow (aka the 1% rule) and amazing appreciation potential.

It gives you one property that can potentially pay for itself while putting a roof over your head and giving you experience as a hands-on landlord.

Expand your network, educate potential investors, and leverage social media to increase your reach and influence.

Younger buyers are still eager to enter the market, and as the economy shifts, there is potential for conditions to become more favorable.

The right agent will have worked with Canadians before, will have lenders set up that can work with Canadians and will have a seamless process for management.Not only can an agent set you up with a GC, property manager, lawyer, insurance broker, inspector and everything else you need, they can analyze deals and put numbers in front of you.Your job as an investor is to vet the vendors they are providing and double check their analysis.  

This also includes any potential benefits for tax losses, no matter where they are sourced to.Given the property is in MO, it would also be subject to income tax reporting in that state, unless there are any exceptions to having a filing requirement there (I don't know MO rules off the top of my head).  

@Kevin Bartel If you're starting in real estate investing with a high-paying W2 job and a demanding schedule, your best approach depends on balancing risk, involvement level, and income potential.

Meeting with a lawyer later this week to see if I have any case here but wanted to provide a brief update in the interim.

We are being conscious of property tax on a vacant piece of land (our potential liability) as well as the potential capital gains taxes (their potential liability).