Hopefully 2016 we see a return to a more normal, stable RE market here in the Bay.

If both properties are stable, I might consider a 4-plex at that point.Are you living in one unit or buying them fully as investment properties?

House located in stable urban community with active civic club.  

(Currency risks - Almost everything in Uruguay is bought and sold for in US Dollars) (Political risks - Uruguay has one of the most stable political governments in South America for the last 7 years) (Natural disasters - No natural disasters) (Distance risks, partner risks - You have this same risks anywhere in the world and most of all in your own back yard [If not willing to risk why bother]) (Language challenges - The second main language is English and the number of people who speak it fluently is rising) (legal costs higher - Didn't understand this one) (Tax comolexities - Uruguay is somewhat a tax haven, the government offers many benefits for tax deductions for investors because they want more and more investors to come in and do business here) (and it truly becomes an aggressive, complicated, high risk, high cost asset class - (aggressive and high risk - yes it is not argument there) (complicated and high cost - if you call a US $90.000,00 investment that yields between US $1000 to 1500 in net profit a month expensive than you are definitely correct)Just keep in mind, investing overseas is never easy, even when everything is favorable it is hard, doing this kinds of investments is not for the faint of heart. 

Does anyone else have a good strategy for finding deals like this, I have great credit, stable self employment income but I do not want to do traditional loans putting 20% down.

The cost of the security system is going to be way higher than the $100/ month lost rent so I felt comfortable with that deal.This tenant's income is 6.5x monthly rent with a very stable job situation.

I agree with Tamara and it all depends on your financial situation (i.e. how stable your job is and how much cash reserve you have).  

I've seen a lot of California investors moving into Utah for the stable economy, job growth and demand for housing.What type of properties are you looking for?

I recently got engaged and am lucky enough to have found a fiancee who is financially stable, we're currently saving about 80% of her salary to move in to a new house in 2 years.The plan starting in 2 years: We will have a sizable amount saved for a down payment, so my plan is to take about 15k, pay down my current mortgage and refinance (I estimated 120k, 30y, 4.5%).

I've made bad decisions with money in the pet but have good credit and financially stable.