As an aside a questionable version of this was promoted by a Guru and now disbarred lawyer Troy Titus.

He seems to insinuate the the US is teetering on the edge of collapse but I do not see that happening with strong historical evidence to back up this belief being that the US government is not at risk of being overthrown, the US economy has a massive productive capacity and is very efficient, and the national debt is all denominated in the US Dollar in which the government is the monopoly supplier of.

That would at least confirm your belief that the first should be already satisfied.

But YES, typically these are properties you would buy cash only, not financed.And NO, contrary to popular belief, those low cost houses are NOT all in "warzones"!

Sellers always spout this when promoting their properties.

I know one investor that uses this site to find deals and then he promotes them to his buyers at a higher price and makes money that way.

There are 10 Hotspots...http://www.inman.com/reports/global-buyers There is an association you need to check out for resources...Asian Real Estate Association of AmericaFounded in 2003, the Asian Real Estate Association of America (AREAA) is a nonprofit professional trade organization dedicated to promoting sustainable homeownership ...areaa.orgWhile here check out 3 different local REI club meetings, connect in advance with the President and vendors listed to get going.Go to a couple of landlord association meetings, look for distressed owners.Remember you are here to build your team, realtors, attorney, inspector, property manager, bird dogs.Follow below to get a better head start on the REIA meetings.Paul

What causes people to sell and be motivated is what you look for, or what makes them buy.Foreclosures, loss of job or a promotion, bankruptcies, death, people move into nursing homes, have medical issues, get married, have more kids, kids take off to college, retirement, etc.

What cottage industries will form to pre-qualify accredited investors for promoters?

But many of those folks who are promoting it have a vested interest behind their promotion.$100K rehab is only about $3000 per unit.