Any tips and information is greatly appreciated thank you! 

Any tips on areas to avoid and/or target?

I really appreciate the tips and will definitely look into connecting with local agents and attorneys.

My gut tells me that Texas, particularly Austin and Houston, could be where the next wave of growth and expansion occurs, mainly driven by strong business and job creation trends.Here’s what I’m looking for in my US investments:Free-standing houses with a good land component, at least 3 bedrooms and 2 bathrooms, and in well-maintained condition.Budget : Will have to keep a factor of safety for the current exchange rates of AUD.USD = 0.68 so will cap our budget at 250K- 300K.Yielding over 6%, with a slight cash flow positive outcome, while also offering medium-term capital appreciation potential.Holding for at least 5 years or more, with a view towards steady growth.The long-term goal is financial independence, reducing reliance on salary-based income, and building assets during this accumulation phase.Debt reduction is on the horizon—looking to consolidate and start winding down debt within the next 7 years.If anyone has experience investing in the Texas real estate market or any tips on navigating US property investments, feel free to share your thoughts! 

This gives you the opportunity to not have to pay out of pocket for a primary residence you can't occupy.For @Andrew Miller - as someone that's done multiple renovation loans myself and helped 100's do the same, here are my biggest tips:1.

Any tips for newbies on underwriting, finding tenants, or managing the transition?

I want to know any and all tips, advice, and of course down sides to this lifestyle. 

.#1 tip I'd give if you're buying existing (or building) is to call the assessor and ask specifically what the new assessment will be after improvements.

I would be happy to connect with other investors in the area to share tips and tricks.

Any other generic recommendation / tips are appreciated.