It may work out for me to continue to "upgrade" my studio-temple-castle.Then I want to move into "Wholesaling" opportunities, local & foreign, and then Buy-Hold-Rent when I have at least enough capital to have 50% equity or to be able to generate sufficient cash flow from an equivalent of 50% vacancy and large repairs.From here I want to quick jump to small commercial units (Apartments), and tropical (or at least sunny & warm 365 days/yr biking weather) Retirement Haven REI.Once I have sufficient income to be financially independent, with cash to spare to help family, then I'll devote all of my time to my Music and my Sadhana (Spiritual Practices).There's my business plan in a nutshell.

I would advise that each be metered separately to avoid disputes; in my state there is even a court ruling that says that any "foreign load" on a utility makes that utility the landlord's responsibility - check if yours does something similar.One way to have lienable utilities in the tenant's name and still keep a handle on payments is to insert a clause into the lease that requires that the tenant supplies you a copy of the latest utility bill for such utilities, every month with the rent payment (or by mail if you have rents paid with some direct deposit means).

So things we know the government has and is doing like the new mortgage rules,tax on foreign investors in B.C, and tax rebates for first home buyers. 

But you have unlimited liability if you do it that way.Most states will allow you to do business as a foreign (i.e., foreign to that state) business, but many if not most require you to register your out-of-state entity in the state in order to get limited liability protection in that state.

I would love to network with other foreign investors or those who managed to find a deal in the States from abroad to hear about their experiences.While I don't yet have much to offer as a newbie, I did want to share a simple glossary of abbreviations and terminology that I came across in BP's Ultimate Beginner's Guide, which includes what is probably very obvious to most (i.e.

I work with many foreign investors and I was one for many years as I was investing in Houston while being overseas.

For me, it's difficult for me to find lenders because I work abroad for a foreign company.

If I open and LLC, I have to register and maintain it annually as a foreign entity in each state.

I'm visiting with family this weekend, so do not have a lot of time to go find them all, but will try to pull the information together into a blog post in the next 2-3 weeks.One additional consideration which has arisen in the past 3-4 months is the shift in the relationship between the CAD and USD - I sold USD at 1/1.2245 last week and the currency jockeys are indicating we could see 1/1.18 before the end of May.

Having grown up in Toronto, still living nearby and having friends who currently invest there, detached homes are in limited supply and that supply has been pent up for some years now compared to demand, while sustained demand due to added competition from foreign investors, local investors, and sustained low rates compound the rate of increase.