:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Would it be a good idea to get a real estate license and work in real estate or are there other options to get in Missouri to get real estate experience without a license? 

You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.

We were in a financial position where we could keep our existing home, upgrade, and purchase another home.

Also, think about creative financing, seller financing and sub to can also be options to grow your portfolio.

Hi Daniel, I would definitely keep your options open in terms of finding the right accountant that could be of great assistance. 

If you think hiring a CPA to discuss your plan, how you can do it, and all the roads you can take with that, than that is the best option for you!

Difficult to defend places -- hillsides with limited transportation options, etc. -- won't be allowed to rebuild at all.

I'm surprised you're still hearing negative things about it considering there's been so much positive press and chatter lately.

The only other option I see is a short sale, if you don't need to purchase for a few years and don't mind a temporary credit hit to save the $60k.