real estate investing in late 2007

It's December 25, 2007, and my investing thoughts and actions for the day included emailing my realtor in Grand Cayman to ask what the rental income is on a multi-plex property in the east end of the island, on sale for CI $ 400,000. I wanted to know why the property was being sold, and what the rental income is (presently fully rented). If cash flow positive I would consider investing, although I do wonder whether one property is enough as I currently own a property in South Sound (southwest area of the island) where I am renting to responsible tenants.

Tomorrow morning I will contact the management of a +55 complex in Clearwater Florida, as certainly, investment in the USA is timely ! Furthermore, my sister and parents jointly own a property in the same complex.

This is a lot to consider simultaneously, as I will be buying a property in Toronto within the next month, currently in the process of repatriating to Canada after having lived in Cayman Islands for the past one and a half years. As such, any property I would consider outside of my main property where I will be living, should be cash flow positive.