The clients we work with who have found success letting us help them find highest and best use of properties, then we manage them for a year, and then pull out 60-70% of their money, and do it again - rather than waiting several years for a home run hit. 

you need to dodge capital gains and foreign buyer tax.. you should consult a tax expert..If I was in this situation I would just sell (not advice) and buy a cash flowing mobile home park in the midwest

But if you're comfortable with rougher areas, then you can definitely find properties at lower prices.

Hey guys,I live in Atlanta, but have my first subject to deal lined up in Peoria, IL.

I did have experience operating LTR's to bring to the table, but even if you don't, it's not that much more complex.

@Jonathan LudizacaFrom a lender's perspective, starting in 1-4 units gives you experience and many more lenders will be open to first time flippers in this space versus multifamily. 

Purchase price: $123,000 Cash invested: $15,000 This was my first personal real estate transaction.

But if you're aiming for a BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy, finding the right balance between affordability, appreciation potential, and cash flow is key.So, where should you be looking?

In my state they are the same. 

The IRS won’t allow this as a legitimate deduction.No Tax Benefit from Self-RentEven if you set it up through an S-Corp (which is more complicated), the rent payments you make would be taxable income to the S-Corp.