I just had a lovely family from Australia with 4 kids discovering California for the first time who were denied from their booking due to "water damage" , they were told.

My wife and I have property in Australia(Sydney and Perth), Norway(TBG), USA(Indianapolis), Indonesia(Jakarta)and UAE(Dubai).The best for cash flow is by far Indianapolis where I’m gross yielding over 20% and net yielding about 10-12%

First post so please be gentle :)I'm currently located in Australia (an Australian national) and will be moving to Manhattan for work in March.

If I recall correctly, the rep from the state brought one exhibit handout for the group -- FL 475.43.Your analysis is wrong not because it was brief but because it was incredibly simplified. 

Are you investing from Australia or are you local?

Currently I am living abroad in Australia but plan on moving to Tennessee the beginning on 2019.

We also always add our own exhibit that adds to and clarifies some of the requested documents.At this time in the market, the fewer contingencies that you have, the better your chance is getting the deal. 

@Anna Kling It might be a good idea to change your profile to exhibit your State (or at least mention the State in your question). 

Before jumping into products or targets,I would suggest setting up a solid base.For me that means:- LLC/inc. in tax favorable state- 800 FICO / 80 PAYDEX- $100K in untapped personal credit- $100K to a million in EIN/LLC/DUNS untapped creditONLY THEN look around, research the market,and jump when your brain/gut/heart align.Today Zillow dropped 20%, California/NYC offers are down 25%,Australia/China/Canada are down 20-40% depending on the data...Save your hard earned $50K for the right moment with a strong base!

Exhibit A:  http://locklearpartners.com/investor-maps/ Direct link to maps:  http://www.locklearpartners.com/wp-content/uploads...http://www.locklearpartners.com/wp-content/uploads...