@Michele G.While I recommend NKY properties to my clients there is a lot of activity there and deals are harder to come by due to the smaller footprint compared to just north of the border in Cincinnati.  

Buying TK is akin to gambling and something tells me you wouldn't take your hard earned money to vegas and play craps our roulette would you?

@Angelo Mart  I researched rent-o-meter, craigslist, zillow, and hotpads and for an average rental price in a 3-mile radius and calculated $1500 for the 2/1 and $1650 for both 3/1's.What numbers do you have for units on the border of 07111 and 07083? 

In border states, such as in the Rust Belt and New England, we have found smaller local banks and credit unions who are willing to lend to Canadians (and are familiar with Canadian credit histories, NOAs, etc).

I'm originally from Beverly, Chicago near the southwest border, but recently moved to Tinley Park once I finished school this past May. 

Matthew,Look south across the border, I was born in Canada but have invested all my life in the U.S.

I don’t feel it’s growing as fast as other parts of Lexington, so it feels more like a gamble.

However, if one could pick it up for say 10 cents on the dollar, could be a gamble willing to take.  

But isnt that more of a speculation/gamble as opposed to tangible money?

It's a little bit of a gamble, but if it's a relatively small volume then you have more possibilities.Is there anything stupid about this strategy?