I think it also touched on the slower market the majority of us are facing.

As my realtor tells me, "people still need a place to live".If anything, I have seen a major slowdown with new construction developers.

It looks like all major rehab issues are ok; ac, water, heating, etc., but of course we will get a full inspetion.

With current market prices for Hotel Accomodation, assuming they paid cash for their units, rental ROI's could go as high 16%-18% per Annum and better yet, as most hotel clients pay their bills using major US Credit Cards, the overseas investors are going to receive their rentals in US Dollars avoiding any concerns over fluctuating exchange rates !

Hello Robin,First off - Welcome to the forums and welcome to the world of real estate.So, if I may let me ask a question: Are you going to the major franchise offices such as C21 and Prud etc.

The majority of the homeowners I spoke with were just plain in denial.

I can imagine that would be really tough to find in most major metros. some condos dtown chicago go for 950 a month for a studio and I'm pretty sure I can't find a seller that will sell it to me for 95k.But at the same time, just because I'm not in an area where SFH cost 50k, and you can easily apply that rental rule of 100 to, doesn't mean I shouldn't be allowed to play the RE game.There has to be a model in which people from big cities run their analysis through that has to differ with people from smaller cities.

One of the major problems we have with them is the zoning.

All cosmetic work, the major stuff is all new.

That 5K contingency will go fast if you miss a major structural, electrical or plumbing issue.That should give you some things to consider.