The numbers worked on paper back then, but no one really though the market was going to take a 50% haircut. 

It's a set weekly amount and I withdraw the cash the same day every week.We have a budget for everything - haircuts, clothes, fun, airfare (emergency as we live 2000 miles from family), vacation, vehicle maintenance and inspection and registration even.

Take away a buyer's (and especially their agents') after inspection haircut ammo. 

. $200k between us...OR moving back home (Tx) cash in hand to be sure but probably a haircut down to $100k per year if we're lucky, but more affordable properties to be sure...hard to decide. 

If you can't take the 25% haircut on rents and still do OK, the bank probably has good reason for slowing your roll.

Some people have $250 haircuts as their indulgence, I have a horse.

An haircut on top of a reasonable number would in a competitive market simply price you out of the market.Research vacancy rate and pick a number that represents the market vacancy rate.

@Nicholas Gray You'll have to take a haircut on your income now for the possibility of a higher income/profit potential in the future.

We’re a Canadian couple ....Driving over on your days off might lower your anxiety.Maybe stay overnight in a motel, get your hair cut there, eat in the restaurants.Get to know a few cities well, and get to know the neighborhoods there.Talk to a few realtors and shop in the local grocery stores.After a few trips, you will know where is not safe, and where is more safe than the not safe.Also once you cross the border 911 is the call code for help if you need it, but don't expect the Red Coated Mounties in their shiny brown boots. 

A big variety of programs exist.Owner occupied SFR there are 10% down programs with 12 or 24 months.Some programs take a haircut off the deposits for the type of business, number of employees, expense types, some ask for letter from CPA, some require an online website or storefront.... many variablesDo you own a home with a mortgage now?