Unless you can get hold of say a house flipper on BP that is in that area, you are probably gonna have to buy a flight to get over here to fix it or supervise fixing it; and certainly surveying the damage.

Now if I had purchased that same property in Austin, say a month ago, under the same circumstances, I'd be in trouble.

I’m talking about summarizing the State of Indiana’s lawsuit against him.They say a picture is worth 1,000 words..........Does this help?

I would say as with any debate.... the answer is... it depends! 

I will say, as far as cash flow goes the numbers here are a lot different than they are in California (fundamentals remain the same.) 

When you only have $100 a month in cash flow, and you are banking on cash flow instead of appreciation to make money and lets say a sink has a minor leak, you chose not to pay someone to go fix it and just put a bucket under the sink and forget about it. 12 months later, you have a major water problem that has gone from a $150 issue to a 4k issue, that you still do not have the money to fix.

You start the refi process lets say a month later when your cosmetic rehab is done. 

Or let’s say a 4plex all in for $230,000 yielding $3600 a month.

For example, with a $50k purchase, $20k rehab and say a $100k ARV, conventional investors can pull all their funds ($70k) out with refi whereas solo 401k investors will be lucky to pull $60k or $50k out.

Canada only has, I believe, 6 cities with over 1 mil population, and of course prices are much higher in these locations (they would likely gain more appreciation over time, but with a higher purchase price the overall return would likely be the same as say, a city with 300,000 population).When it comes to inflation, it seems most jobs don't keep up with inflation raises.