In most cases, children have to earn straight As and test above the 95th percentile to even have a chance at admission to one of the selective high schools.

I'm 27 years old and currently earning about $48,000\year before taxes at my 8-5 job.2.

So I'm guessing this may cause some problems even though my earnings are significantly more. 

@Scott TaylorLooking back at one of my early 2016 SFR acquisitions in the Northern baltimore suburbs, MD market, I see there that I earn 10% CoC return unleveraged on a cash sale of 75k with 19k rehab.

They have earned good reputations over long periods of time.

Also, banks in a given country will generally only lend to residents because non-residents don't have a credit history, don't earn income and/or don't have assets in the country so banks don't have much to fall back on should the borrower decide not to pay.So, yes, as a result, most foreigners pay cash.

You're doing this (I assume) to parlay all that money you save (or earn on top of PITI/Expenses/Capex) into your next real estate deal, so treat it like you aren't living there.

I don't really have any current debt but my earnings are barely enough to get by at the moment.

Haven't been able to find a savvy real estate CPA that can do both, national and international real estate taxes as well as foreign earned income (given that will start soon renting on Airbnb).

Don’t mind spending and writing off some of that money we all earn in this business to take away some great knowledge in the creative game of real estate.