People were so quick to say he was way off base.   

If you do choose to invest out of state, the best advice I could give you based on what I have observed running a local real estate group here for over a decade is build your own team.

The rent prices I was basing off of rent estimates I found on the web, so I'm not sure if that is a factor, but I can reassess.

Do away giving citizenship based on birth in the US.10. 

As to your point about confusion in the future, it's our policy to leave the conversation and thread open and available for anyone to read, they can gather all of the information and make an informed decision for themselves based on ALL the information provided.

Andy Sirkin, based in San Francisco but supposedly has done some in Las Angeles. 

That way you have a home base that isn't sitting vacant and you are producing income. 

Jeff and John are extremely reasonable and may give you a handful more great ideas based of what your end goal is.  

This allocation should be based on the fair market value of each component, typically determined through an appraisal or the values agreed upon in the purchase agreement.

There are some DSR Rehab lenders that may lend based on ARV.Otherwise, you'll need to raise funds from family & friends.