Quote from @Luis Herna: Let say I am a licensed real estate agent in oklahoma and there is one buyer in new York wanting to buy a property in Texas.

Investment Info:Single-family residence buy & hold investment in Valdosta.

If it is, why can't you buy similar properties that you are renting with the money you make.If you get $200,000 annually(split proceeds with the other owner), you should be able to buy almost any type of property.

Bottom line is buy as big as you can reasonably buy once you are out of small multifamily. 

That said, I’m assuming that someone must be buying these wholesale properties.  

What would I need to do to structure the note in order to have a note buyer come in and buy the note or buy a partial enough to pay off the 215k at closing and still have some difference coming to me or the note revert back to me after the partial was paid for. 

Quote from @Mindy Nicol: Investment Info:Small multi-family (2-4 units) buy & hold investment in St Augustine.

If you're planning to buy in the US, there are programs for those that aren't US citizens.

I generally agree that buying SFH as first investment is an easy way to test the waters; however, if you’re set on REI I suggest buying a duplex or quad.

Buy properties with more and more units.- Can also try to do seller financing, but much harder to find.