Starting out, first steps

[Jason Kasic]

Hey guys,

I'm looking at investing in US real estate, preferably along the west coast so i can fly in and out easily. Before I go any further, I am street and financially smart and not a unreasonable fool with unreasonable expectations.

Current Budget: $250,000-$500,000
Goal: 5-10% ROI annually minimum over three years average

Current thoughts: Buy a handful of properties (one at a time of course, not straight diving in) from different locations (even states) and then over time compare performance and satisfaction and then reinvesting more money in markets I like or see higher potential in. I would do this by putting down 20-25% and then renting out for positive cashflow and hanging onto the property until prices bounce back.

Where I'm lacking is knowledge about the US markets (where to invest). I've heard good things about Houston from various sources so that will be a stop for sure but what resources are available to me to do research on areas? Once I choose areas I will find Agents with experience in investments such as this (most likely from forums such as this if allowed) who have been successful at what they do and who can basically "sell me" on the idea on investing in that neighborhood or that specific property(ies) using statistics, trends and other knowledge that may be hard to find online.

Any suggestions, advice and comments would be greatly appriciated. I found dqnews to be a good starting spot but where do I read from here?

Thanks!