Well earthquake hit on the night of the World Series as we all remember. 

I find high value markets provide the biggest return on rehab investment. 

The biggest thing that stuck out to me was that they get deals by making relationships, getting to know owners, networking, finding out the stories behind everything, etc.

The biggest thing you need to know is if you offered $250,000 and the appraisal comes in at $240,000, you or the seller or both of you will have to come up with the $10K gap. this can be scary but making sure your realtor runs proper comps in the beginning can help save you from this!

The friction points are going to be a never ending lead violation every time you go through the process. wood windows and wood siding are where investors are going to see the biggest costs. 

@Luke J Nelsen - Personally, we do them in Anchorage and Wasilla - the two biggest population centers.

That seems to be the biggest hang up for using this method to buy homes.  

Time is your biggest enemy.

Thanks,Ratna what everyone mistake is some people is stuck in h1b for decades and they are too afraid to buy primary home, or to buy rental in US or even to apply mortgage which at the end, makes them losing the biggest opportunity to make money in real estate.In reality it doesn't really matter as income from cash flow is a passive investment, you could do even flipping business while on h1 as the profit is from buy and sell activity. 

The biggest issue I've seen happen to out of state investors is they come into a market with the expectations of a bulletproof cash flowing system, only to walk into the total opposite.