So happens that the house was owned by a guy in Australia and he just wanted out.

I've done analysis on close to 100 deals at this point between Boston, Providence and Charlotte NC (wife's hometown) and Sydney Australia (my hometown) and Providence is a clear, clear winner on cash flow. 

I have not done any commercial loans in the US but this is common practice in Australia.

I am planning to make another purchase in about six months.I live in the US now but I am originally from Australia.

I'm a Property Manager from Sydney, Australia.

We used to live in Australia and REAgents would laugh at me if I said we wanted positive cash flow.

Update: There is another new STR show on Netflix called "Instant Hotel" which is set up like a reality show in Australia.

But it is very dangerous to compare the USA to nations like New Zealand and Australia etc. because our markets are driven by a shortage of available land.

We work with multiple clients who live on the west coast, and we also have a client who lives in Australia, so distance is no issue.

I had similar scenario, I am from Australia where today we are now at around 3% ROI.