I know all the new "investors" out there don't start out with the basics of RE, but at least learn the terms that pertain to what you're trying to buy or deal with. :)

there are in my opinion great oppourtunities in the marketplace today ,you may have to move outside your geographic  area,the internet has revolutized the way business is done in all industries,what is a popular way of investing in todays marketplace is virtual investing,complimemts of google and mobile ,using google maps in addition to full pictorial of the interior of the property in addition to a proforma that you can pull up on your mobile for a turkey rental is the way a lot of investors are buying out of town properties as far as 2000 miles away from the subject especialy if the investor is doing any type of owner finacing as his exit stratergy to sell  the property,this can eliminate some of the hassles of property management,when you're getting cash on cash returns of 30% in some areas of the country,by the way these properties are not in war zones ,the decision to invest outside your area is almost a no brainer ,but proceed with caution,you always want to make sure you are dealing with competent professionals,there are areas in the country like indiapolis and Baltimore that have great inventory,baltimore where I operate the properties have a high rent to value index,if you want to go south Birmingham ala is another area,but you always want to do your due diligence as it pertains to demographics,market and neighborhood analysis

Pertaining to your question, I'm American, but I'm now working in Korea.

To my knowledge, the 2 year requirement is stated in the FHLMC guidelines and pertains to your landlording experience (demonstrate that you have Sch.

I'm not sure exactly where to post this so I thought I would try the off topic section first as it doesn't really pertain to investing.

Sounds like you have construction experience, but no real estate experience or understanding of rules, regulations or laws pertaining to real estate. 

Would you like information as it relates to the dwelling or as it pertains to development opportunity (i.e. lot size, etc.)Thank you

If you have any questions pertaining to anything involving music don't hesitate to message me.

I guess I need to check my local associations MLS rules as it pertains to option holders.

Please give us your thoughts on the current lending environment as it pertains to investors.