Since both properties are exactly identical in term of number of units, parking spaces, gross incomes, expenses and so on, I am combining the specs so to provide a less complicated picture.

Although I worry about having "analysis paralysis," I don't know how much of a foundation I should build in terms of knowledge before I jump in.If anyone has any thoughts in that regard, I'd appreciate the advice.

I've been calling around to some US banks this week to see what they offer to Canadian residents in terms of financing US property.

We could then compare and contrast what we arrived at in terms of:a.

To me, there would be a ton of risk in doing this unless you cover all your bases first in terms of defaults, selling rights, inheritance stuff, etc.But if you address those, then I think this would make a ton of sense for grabbing some land.

If they are easy to work with in terms of inspections and reporting problems with your tenants to their caseworkers this makes things easier for the landlord.

If you don't mind me asking, what are your numbers in terms of max "all in" price to market rents?

Also, we are still uncertain on how to properly evaluate a geographical area in terms of appreciation/vacancy.

My recommendation in Paterson in terms of areas to live in would be the Hillcrest section and potentially South Paterson section of Paterson, NJ.

Curious -is there a benchmark set by the IRS in terms of interest rate on property financing - for example could a seller agree to zero % for higher sale price perhaps . . then the loan is secured with the seller in first position - it's recorded, etc . . is there anything about doing a 0% interest rate on a recorded mortgage that is going to p*&^ off the IRS?