But for one, you're speculating (gambling) and in LA the properties would have to appreciate to freakish levels to let you retire.

@Larry Fried,I am looking at the UK and South Africa at the moment, I am South African...But I have not lived there for 20 years :)I am open to all markets where i can get a good return on me investment, I am a bit concerned with the USA market as it is not easy to get a visa for myself, and it is a LONG way to travel.

You are essentially gambling with an ARM and that is not something you want to do.  

I know other UK folks who use them in the US.Originally posted by "Gypsy":You made mention of properties that are easier to manage remotely - would you mind elaborating?

Otherwise, unless you know the area well, I'd say it's more of a gamble.

I am presently overseas in UK and yes I am a private lender

We're investors in the UK market at the current time :-)Thanks,Susie

Although it's 30k under the list price, eventually someone might say yes.Are you saying that the average deal in California is either: 1) diamond in the rough, acquired by hard networking or luck, 2) requires appreciation to get a decent ROI (gambling?)

After listening to more bp I realize i am more gambling then running a business.

Best case you may only be able to gamble on appreciation.