I am an ABQ native but have traveled the world and lived on the east coast for 11 years.

Define a strategy and go all in on educating yourself and executing.

Travel.

Although a bank or insurance company would fit nicely into Berkshire’s existing platform, Canada does have restrictions on foreign ownership of those assets – so my bet would be either an energy or utility-oriented opportunity (plenty of them in Alberta) or perhaps a significant stake in Alimentation Couche-Tard, which owns the Circle K brand and has a significant global presence, potentially meshing nicely with Berkshire’s recent purchase of Pilot Flying J.This year, I had the pleasure of travelling to Omaha with some friends from New York University’s Real Estate Development program and got to catch up with old friends from all over the world.Alas, my favorite Buffett-ism from the meeting was "Understand that the market is there to serve you, not instruct you".

They just can’t work part time buy a new phone ever three months and be a world traveler.

We get obsessed with market selection, but execution on a well thought out strategy is the most important thing, not the location or market that you pick.

My criteria is actually similar to yours:Purchase Price: $450k-$600kRehab cost: $100k - $200kMy partner, Jake, and I have experience in construction and want to put in sweat equity, but need capital to execute our strategy.

I plan to travel down there next weekend (about 3.5 hours away), so I am gathering all the necessary info.If I did cashout refi on my current property, i can pull out $155k towards this but will be left with an additional 45k or so if doing 80 LTV, which is why I am leaning toward seller carry a second mortgage.Lenders out there, now you have my deal, can you do it?

You should be able to sign a new lease if there is not already one executed 

I think it would be really cool to own an AirBnB in multiple places that I would like to travel to.