Quote from @Henry Clark: I old look at buying your lumber early.  

Do that for six months before you think about buying so you meet other people who are doing what you want to do.

I was living abroad buying/selling real estate mostly land, and some land with structures.

You’re going to have to buy at least $1M (or whatever you clear after selling costs.), worth of replacement properties, not $500k.

I  Income:  The amount of property you can buy will be dependent on your Debt to Income ratio.  

:)Just kidding.1) Stock market: may want to do this while exploring other options, just make sure funds are easily accessible2) Buy Multi-unit: two basic options:- Buy turnkey: may not cashflow for 3-5 years, depending on your management skills.- Buy someone else's problem: can you fix their problems?

I ask because we only buy houses around the southern US (TX,OK,AR,TN) but we're curious to know if more opportunities to buy foreclosures could potentially exist in other markets. 

We plan to buy a second house as well.

hi Heidi, I’m a local investor looking to buy in Pomona California, this fits my buy box.

Are the other properties you're buying in/around Macon?