It truly seems like a fantasy but I believe with hard work and dedication I can make it happen, I just need to educate myself about how to create a positive cashflow through real estate investing, that's why I have come here.I know it probably says I live in Riverdale Michigan, but infact I live in Australia, as there was no option for Australian cities I had to put something else. 

Normally this is very difficult to get done, but we've been able to help a number of Australian investors get their US bank account setup through HSBC.If you need a contact at HSBC, please email me and I can put you in touch with them and give you an overview on the process.

The hedge funds will have an impact, but no more than the Australians or the Chinese or the Canadians.

If anything, I'll call it an 'Australian Auction'. 

I do appreciate the earned income exclusion, but it still rubs me around tax time when all my British, Canadian, and Australian friends give me a hard time about how they pay no tax at all and only the US and Libya (slight exaggeration, but only slight) tax their citizens who live and work fulltime outside the US.

@Lindsay Stewart Seems you are very familiar with Australian market.

Got an Australian wife, and have been here a few times myself!

Rich Hi Richard,Although I am not a US citizen and am Australian I believe the same principal applies everywhere when buying out of state or country.Please feel free to check out a blog I write for Bigger Pockets a while back.http://www.biggerpockets.com/renewsblog/2014/07/26/sight-mind-real-estate-investing-afar/I hope you find it useful.Thanks and have a great day.

In a company the size of Memphjs invest, they likely coordinate repairs through some sort of software queuing system, which means it’s likely mostly automated.

I'll give them a call later during the week to inquire about their mentoring programs and meeting schedules.I read through the beginners guide, and also have the podcasts queued up.