You only have to look to Japan, which is some years ahead of the US in this aging curve to see what's happened.

Lot Size: 36x96 Property Age: 70 Municipal Taxes: 1200 Maintenance Fees: 0 Owner's Description This riverview property currently has a residence but is in a commercially designated area so the potential is limitless (3 story structure can be built to property lines).

Two years later I can still spout how many units he has and his net worth as well as his age because said those things so often.Anyway, I sincerely appreciate guys like you who ARE willing to share their years of experience.Jonathan

Also, I would like to make a cash purchase and avoid loans and mortgages, if I bring in a substantial amount of money to my US account with verification that I have sold my property abroad, will I be taxed on that money as well.Thank you in advance for any suggestions and help.

Your desires and needs will change as you age, marry, have kids etc.

Age, experience, income and track record matters.

It is the value lost (depreciated) each year as a property ages.

(This was long before the internet-age, when newspapers such as Newsday were the major source of RE opportunities).1)A mint little cottage in Selden, 1 block north of Jericho Tpk, with a nice young couple already renting as tenants.

The roof's condition is important to know in addition to its age. 

Can you provide more detail on the property like age, square feet, furnace age, is it single or multifamily, etc?