Hey David, I just started in the flipping market and am trying to better understand the process of getting started while gaining more knowledge.

Here in FL a pool trumps all and having a spa feature built in offers additional ROI. 

You can assume about 1% in closing costs in addition to commissions so you're starting around 7% before the seller gets any cash at closing. 

Being nearby allows you to stay hands-on—you can see, touch, and fully immerse yourself in the process.There’s a lot to learn, not just about managing rentals but also about overseeing property management companies.Handling tenants and maintenance can feel overwhelming at times, but starting with a property close to home gives you the opportunity to gain valuable experience.

Return:Finishing the basement and adding bedrooms can add significant value, especially if your local market places a premium on additional living space.

A HELOC or cash-out refinance on your current rental could unlock additional funds if interest rates improve.

For the moment though, I am just trying to gain a more robust understanding of all things real estate that I could reasonably see in my future.  

However, you have the additional question about if and how you might enforce a judgement in another country. 

There is no current tax on rental income and capital gains.

the additional of richenbacker airport, and the Ohio river really make the freight and logistics passing through a major economic driver, but its far from the only one.