A POF from a convential lender means you have passed the lender's credit and income criteria, and if the property appraises high enough, with no title issues, financing will be available.Since hard money lenders place much more emphasis on the property securing the loan, the POF letter ranges from significantly less reliable as compared to a letter from a conventional lender, to outright worthless (some hard money lenders provide a form and you fill in the blanks, i.e. no real approval).

What people are arguing over, and will continue to argue over, is how that GDP pie will be divided.This is a great point but I feel he is missing the permanent structural changes in the economy due to automation and increased globalization which are permanently benefiting the capital owning class at the expense of the economy as a whole.

A&D doing well at the moment and with global events may continue to do well or even better going forward.

I have a college degree in business that had real estate emphasis.  

@Bob Bowling I guess that explains the emphasis on eviction concerns.

I believe this next big correction to be much deeper than the last one and more of a global front.  

Also it would decrease my global debt ratio a lot when banks see that having increase of additional monthly payments of $900 after the refinance which I know the banks won't like and will be harder to use to make purchases. 

First and foremost define all the legal aspects associated with global REI, verify taxation and partnerships that exist between the (2) countries.

I'm a local to Fort Myers/Cape Coral, with a 7 year hiatus in the Smokies of East TN, and I am looking to start investing in either area (with an emphasis on SWFL since it's where I'm currently residing).I own a small ecommerce business which I am still focusing on growing, but I'd love to start adding cash flowing properties to my portfolio. 

I have a college business degree with real estate emphasis.