I guess the argument only works if your assessed values are astronomically high as compared to what you could actually sell something for (like ours are in our county). 

There's a discernible trend where Canadian investors are increasingly gravitating towards Tampa's real estate market, and it's not difficult to understand why:Economic Viability: Toronto's real estate prices are astronomically high, making Tampa appear significantly more economically attractive for property investments.Robust Financing Options: The lending landscape in Canada is notably challenging.

I'll buy CA property again when markets are in a different place, and make near no cash flow for an astronomical initial investment but sell them to a less astute investor during the subsequent peak market & make that type of profit then.This thing with actual operating expenses + a 25% vacancy and maintenance reserve is still a 30% cash on cash return for an investor purchasing it with 20% down on a 120k sale price.

Of course it can be astronomical cash flow but with the thousands of moving parts and a consistent state of things being influx, the time spent doesnt justify it all completely.

And if the sleep walker had experienced serious injury, those healthcare expenses mount to astronomical heights quickly.

I am converting my garage into an ADU and the costs are astronomical (build out costs of 80-100k for a 300 sq ft existing structure).

I understand again that his goal is astronomical but, I want to have something to work towards.I plan on going to college (finance degree) , working as much as I can, to save up for this.

I know several folks including tenants and family that I have that have accumulated several millions simply by investing early with a financial advisor, and their salary really isn't anything astronomical.

You have to either do 100% of the management yourself, or you have to pay astronomical fees to have a management company rent the unit many times per year and pay to clean the unit inside and outside every time a guest moves out and you need to pay to change the linen, wash dishes, clean the refrigerator and stove, clean the floors, maintain the yard, trim trees, pay $3000+ per year to maintain a pool (if you have one) and place sundries in the bathrooms, etc.

Some of the positives that I see are:- A significant sized population that's growing- Property taxes are fairly low- Landlord-tenant laws are supportive of landlords- Cost to purchase a property isn't astronomical - Cost of living and diversity of jobs seem good Beyond that, I don't know much about the market, or specific areas that tend to be best for cashflow.