@Mike Bonadies I agree with your thoughts - higher cash flow areas are easier (less expensive) to get into and generally show less appreciation and are riskier for various reasons - crime, schools, etc.

We set up an event in Vancouver but it might be easier to just hear from ya'll and go from there.Look forward to meeting you!

Hopefully it will go higher than that.Getting comfortable with the process will make it easier the next time you see a foreclosure.Bonus: bring a few bottled waters and do some networking.

And I only have to learn it once, the next time will be easier. 

. :-)Someday I would like to get some buy and hold properties in the US with good cashflow (maybe in the Midwest), buy I think it is easier for a foreigner to start with a genuine business.

I believe both parties are at fault here, but I'm pretty sure my tenant is getting unfairly targeted in this.

A - Invest $100, add value to $120, market corrects to $100 in year 1, but you achieve an 8% return from cash flow and principal reduction.B - Invest $100, add value to $120, market remains as-is (or it takes longer to correct), you achieve target returns of 15-20%C - Invest $0, earn $0.Substitute appropriate figures...just trying to generate dialogue.It's hard to model things like a market correction or rising cap rates, get excited about lower returns, and make a purchase but idle cash and the war chest strategy (scenario C) can be costly relative to scenario A (except with an appreciation only/market timing strategy...let's ignore that one for simplicity).Many of us have analyzed and turned down a ridiculous number of deals and we see a lot of posts about waiting for a correction but the math seems to suggest otherwise if investors are adding enough value (and generating cash flow, using long-term debt, buying in solid locations, or investing for the very long-term).  

The more you know the easier it is to create a win-win.  

Its easier to find 1-2 tenants then 10 all at once.

Our targeted range is single family worth 120-140k.