I bought right back in '97 and calculated the break-even point to be 70% occupancy, so while profits were lower than expected, I still filed a schedule-E with a positive income for the year.

Bob E.'

(i.e. if Im in the 31% tax bracket, would Schedule E of my Tax Return ultimately require that I pay 31% of the $10,000 profit in taxes?

E).

That said, if you decide to go forward, make sure to double down on the fundamentals: understand your market, analyze a TON of potential deals before you buy, build a really strong team, and then think creatively on how you can work remotely.  

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Hi @Sydnie E.

Have had big success in e-commerce and real estate investing in Austin and looking to further capitalize on early RE success in London (50% ROI on 1st house).

Forget cashflow (or rational appreciation), that city has long since passed sanity or anything relatively close to market fundamentals for you to want to touch real estate 'investments' with a 100-foot pole.If you can't tell, I could go on forever about the current status of the Canadian real estate market! 

As a beginner I think you should get your feet wet at least in beginning with a local investment to understand the fundamentals to investing.Investing out of state has it's challenges and can be cumbersome especially for a novice investor.That is just  my opinion, others may feel differently.best regards and good luck!!