I personally wont buy a property unless it has a minimum 40% Cash on cash return.

Start by talking to your banker and figure out how much you can finance and how much home you can buy.

@Darrell Perkins,For insuring a high-value, older fix-and-flip property in St.

I actually just sold an older property because there were too many repairs, so I was hoping to find something more hands off as I am an out of state investor. 

Other items such as having accounts in a foreign country.If you are single/married, with a few W-2's, interest/dividend accounts with one rental property.

If you want to see it pre rehab, we may be able to arrange something for Dec 1 (it is in Pt Loma near OB).I get a lot of off market property listings sent to me.  

Can your property look better or be more inviting.

Quote from @Joe Mills: You are exempt if you meet one of the following requirements:Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at onceIf those don't apply, then you must abide by Fair Housing and you must make reasonable accommodations for people with assistance animals.

.: @Kyle Collinshello. are you able and willing to travel to AL to build a network, look at properties, and get a team set up? 

After talking to a local coffee shop worker I learned how many visitors came to the park each year and since then started scoping out properties mostly online.