Overseas buy&holds w/ landlording - what countries are ready for us?

[Chris G.]

Based on your experience and knowledge, does anyone have recommendations for countries that have similar real estate market as the USA but with more favorable tax laws?
Perhaps a country hurt by a bubble so home prices have dropped to where they are currently good deals to buy into with margins in the range of 8%++ for buy&holds that are rented out?

I am looking to diversify my portfolio to outside of the USA for several reasons.
Anyone here have overseas experience to lend?

Thanks!