This is the exact same approach we are taking - information has gone out a few times in our newsletters over the last year and a half, with more details available upon request, along with FYIs to clients at year end or other regular meetings. 

@Dana Sziklay ReynoldsHi Dana,I’m torn about investing in Melbourne , Perth or USA.The prices in Melbourne are crazy and I’m not sure if I would be able to make as much growth in Perth market.I’m in the research process now if you have any thoughts about it please let me know.Great meeting people from Perth on BP.Hopefully we can meet sometime for a coffee.

If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.This is what all investors did BEFORE the Great Real Estate Crash of 2008-2010.

I began inviting them to online zoom meetings I would hold with brokers, agents and investors... friends I had made along the way, where we would just talk strategy, loan types, current market trends etc.

I sat in on a lot of the meetings with owners/city and it seems for the most part to me, the city is just not interesting in AirBnB and as an investor, that's not a good place to be or be right.There will always be probably a few people who skirt the law or think they have a good workaround, but often catch 22. 

There's plenty of info to soak up on BP but make sure you also attend local meet ups, even if they might be on other islands and network with local investors.

Oh, and great finally meeting you a couple weeks ago!

If you're expecting property owners to sell their home to you at a discount, you'll need to earn their trust - whether that be by demonstrating a successful track record with purchasing/selling similar deals OR by meeting them face to face and separating yourself from the dozens of local investors and realtors.Lastly, I'd recommend searching past posts related to this topic as well as checking out books related to your target investment strategies.All the best!

The departing tenant says she will continue paying rent, but I wouldn't bet on it.

I went way over budget on this one (but managed to almost meet the schedule target).