This may seem counterintuitive but, they are an "insider" to that group and gain a bit of empathy-points.

The West and South posted more modest gains of 6.9% and 0.5%.

I’m planning to start by buying in Buffalo to gain experience and learn the ropes.

Selling gets a tax free gain and allows you to be more liquid; keeping it allows you to have once in a lifetime cheap debt and have that leverage on an appreciating asset. 

Finally, start small, analyze deals, and build a team to guide you as you gain experience.

Once you start to get people in there to look at project to project, that will give you a baseline then you'll start to gain more knowledge on where you need to be on the pricing/estimates etc.

A lot of the US market - housing, stock, treasuries, etc - is basically a legal money-laundering location for honest or ill-gotten gains in the rest of the world, because the markets are open to foreigners and as close to a guaranteed safe haven as can be found.

Notice when I spoke of London STR I used the words "gain control of a property" and NOT "buy a property"???? 

-Ben ScarboroughHi Ben, I think the Cons out weight the Pros for Booking.com.

Investing close to home allows you to gain hands-on experience, learn the ropes, and be more involved in the day-to-day.