Find areas that are upcoming  like cheap areas to live that are surrounded by highly developed communities and look at what houses sell for and what they rent for .

Developer from Nashville here and just acquired some property for renovations.

These investment properties are being built to Indiana residential code and are approved at each stage of development by the city and city permits.

The relationships and people skills that I have developed over the 6 years in working in this profession would also be a benefit in this market your working to build those relationships with possible vacation renters.

I also have a commercial frontage I plan to develop- my goal.

For me, I prefer, land banking and  multifamily development.

Commercial real estate solutions for developers, home builders.

Focus on markets with strong job markets, affordability, and economic development. 

Southern EuropeSouthern Europe is what Mexico is to Northern Europeans, with the nuance that Southern Europe is full-fledged developed so it's mora a mix between Florida and Mexico with a weather more akin to California.

and think about the advantage you would have over the other Allan Kapoors wanting to do everything from Internet if you're building relationships and developing expertise in person.and no, those numbers don't seem safe / conservative enough.