Mastermind Group for Out of State Investing

[Emma S.]

A recent post about Mastermind groups inspired me to start this thread. For many folks living in high priced areas where small investors are completely priced out of REI, our choices are:
1) stay out of REI completely
2) invest in notes or HML
3) invest out of state

While I appreciate & give great weight to the advice of seasoned investors like Jon Holdman who caution against investing out of state, I think it can still be highly profitable as long as one fully understands the risks and plans for contingencies. I know there are people who are interested from a number of threads on this topic:
http://www.biggerpockets.com/forums/311/topics/95065-buying-site--and-city-unseen?page=1
http://www.biggerpockets.com/forums/12/topics/79813-target-neighborhood-analysis-and-evaluation
http://www.biggerpockets.com/forums/12/topics/87878-guide-for-out-of-state-real-estate-investing

So with that, I was wondering if we can get a group of like-minded individuals who are:
- interested in out of state investing
- preferably all from the West Coast (for ease of setting up meetings in PST)
- interested in divvying up research areas (e.g. geographical areas, jobs/economic data etc.) for each group member to work on & report back to the group.

Also wondering if such groups could be hosted somewhere on BP Joshua Dorkin?

Emma

p.s. for those like me who may not know what a Mastermind group is, a good summary is on this thread:
http://www.biggerpockets.com/forums/86/topics/89319-mastermind-group-in-chandler