NSW is in Australia, it's a state, Sydney is the capital city.

The US is very similar to Australia but unlike Australia, those who came here were driven to make their life better whether it was religiously or economically.

Hi everyone, I am an Australian who already has a portfolio of properties in Australia.

we were at that brew pub by his office... ( it was the first one in B ham and really good beer).he was regaling me in a story about this investor from Australia who came to visit she looks at his nice B stuff there in B ham.. and says why would I buy this it only has Gross yields of 15 to 18%  when I can get GROSS yields in Detroit that are 30% or better...

Things like a month long trip to Australia and New Zealand, a few expensive camera gadgets that I want, etc.

A few years later I bought a home in Florida (cash), took my (contracted) 6 week vacations every Dec-Jan at all-inclusive resorts in the Caribbean & took several (unpaid leave) visits to family in Australia.

I don't know about small claims court in the US but from my experience in Australia you would need a contract between you and the other party that gives you a buy/sell arrangement to get out of this deal.

Sydney Australia is 9,500 miles from Cleveland OH and 17 hours ahead in time.

Agreed,Lot's of deals to be found in Ohio.Tougher nowadays but still enough to stay busy.Just to answer the OP's initial question also.Loosing on a deal in the first few years is risky business.When I first started investing in 2010 and back home in Australia, I built a large portfolio and fairly quickly.Lot's of debt...Monthly mortgages where costing me more than I was generating in income.It was a slow bleed so I decided to liquidate and move to cashflow friendly markets in the US (Specifically Ohio).In hindsight, those same properties if owned today would have made me millions in capital gain profits.So if you are looking for an appreciation play, make sure to have enough income from your W2 or other means to withstand the slow monthly bleed until the properties appreciate so much that you end up being in the green even tho you bled monthly.Again, very risky business IMO.Much success

I am formerly from Toledo, Ohio and am now living in Sydney, Australia for my full-time job in the Big Data space.