I don't think one will make money on a net-net basis over the long term.I had asked the same question to local and foreign buyers agent in japan and had vague responses from them as they know the reality.The opportunity lies in the foreclosed property in Japan.

Start networking with local agents and investors for insights, and talk to a lender to get pre-approved to understand your budget.

This event is the act of making housing more affordable. 

I’d suggest checking out real estate networking events (local or online) like REIAs or BiggerPockets.

Second, I'd connect with some local hosts in your area also in addition to Airdna.

Have you considered specific local market conditions?

I'm local to the area you checked into on the post.

I am going to see if I can switch to a local Wisconsin insurance that reflects our local risk level in their premiums.Many of the homes in the Pacific Palisades are 3-5 million, but when you look on Google Street View, most are very modest homes from the 1960s (there are some $20m ultra luxury mansions too), so a lot is the land value, the home replacement value on a 1600sqft may be what - 500k at the most?

start w local bank or CU ?

Not every area is as easy to grade as someone might think even if a person lives locally.