Hi Shakti, As a lender we do work with US-visa holders as long as they have an established credit score in the US.

So you really need a downpayment + 15k to be in the game.

Note the below bill was proposed, establishing a 5-year moratorium on condo conversions in high population/population density counties (basically Hudson County only).

And boom you buy a lot for the price of a single lot and with some simple forms to the city you get to re establish the old lots..

In our experience that is what carries the day along with the area and the STR restrictions or lack thereof(a whole other conversation) that deems the valuations.Airbnb and VRBO have thought of this and are way ahead of it, we scaled quickly using these platforms for two high end STR that book out great, once we established that, we created a direct book website and are slowly pulling our repeats from that.

What makes it tough in the beginning is your rental income is not established so you need to be able to handle the debt not using rental income. 

I guess it’s just a waiting game from here on out.

It's definitely easier to find a cash flowing property in Midwest but I am of the opinion that cashflow in real estate keeps you in the game but appreciation is where you build wealth.

“Josh, I feel you on this one—it’s a tough spot to be in, but let me tell you, these situations are where the real players in this game prove their mettle.

It's not a get rich quick scheme, it's a lot of active work and I would have 5 yrs in my head at a minimum before you truly become established and stabilized.