I am not sure yet what are the main traits I should be looking for, but I believe that a good start would be a state/city/area that is: Landlord friendly (from the tenant- landlord perspective).Has a solid ROI Is considerably cheap (unlike San Francisco haha)Allows foreign investors Isn't too expensive tax wiseAny ideas and advice will be happily accepted :)Thanks in advance everybody!

@Martin ZagrzejewskiWhile you are technically correct, the additional requirements and considerable risk made it very impracticable to do so. 

I have several people from BP that I deal with now that can tell you about my company and what we can do.Please PM me and we can talk about what you are trying to accomplish.Thank you for your consideration,Chris BungeMcGee Real EstateWest Columbia SC

I appreciate your consideration.

The property that will be appraised is a fixer upper and he will have to take into consideration the upgrades that will be done on the property based on the scope of work. 

Asset managers take that into consideration and give it a lot of weight in deciding which offer to take.

Are there any legal and/or tax considerations we would need to know about?  

The upside is the city has selected the Master Developer for the 62 Acres of the Park Heights Master Planned development, and the city officials told me they will be extending the project to 84 acres total.

It may only be that the stucco mixed in the correct ratio but i would want to be sure i didn't have additional problems.All that being said I would offer what i thought the property was worth taking into consideration the estimated repairs.Good luck!

Taxes are just one part of the overall equation and certainly have to be taken into consideration, but I find plenty of deals here that meet my needs, profit and margin wise!