Originally posted by @Rich Somers:No other owners in Old Louisville have modern, trendy, updated units so theres no proof of concept.This is definitely not true - I'm curious what leads you to make this statement? 

That's the beauty of subject to, you're leveraging someone else's money.

Single enlisted, I read somewhere that if you get stationed in the states it’s likely you’ll be able to live off base anyway, don’t know how true that holds though

And it's probably far more true of contractors as a group than it is of property managers, certainly the contractors I know!

If that’s true you lost.

You can go with the practical advice or @John Underwood or contact an attorney for the true legal answer.

People buy the land many sight unseen, many internet sales, many out of state or even country because the land is so cheap and remarkably beautiful in the painted desert but so remote that only an artist like me wants to keep them all and have retreats for others too but I will sell some, upfront and disclosing....so when they realize or figure out it's not so romantic to them after all, unlike me, they stop paying taxes and let it go and the same lands get recycled over and over... 

I have been investing in the U.S. market for many years, born in Edmonton so that makes me a true Canadian.

@Joe Villeneuve  in the great GFC  mass foreclosures were a result of tenants not paying in many markets... and under capitalized and underwater owners.. defaulted with many ruining their credit for years because they did not realize that they needed substantial reserves to handle vacant properties... then you add in the areas were vacant properties get trashed and stripped then there was no hope for the owners.If you look at most homes that you buy today.. at least 50% of them are failed landlords that walked... this is true all through the mid west.So one needs to not just think that if there is a melt down again everyone becomes renters this did not play out that way last time... many left the area  ( think PhX Vegas) Many ended up moving in with family... 

I was hoping my son would go to college at Boulder so I have an excuse to visit that beautiful piece of earth regularly.