The U.S. market is certainly a different market from Australia but can be very lucrative even for us as foreign investors. 

If you're considering looking in other markets for for your next deal, check out Columbus OH.

Edmonton you find $400 per door easily and there's more room for the market to run.

@Brady Herbaugh I am in the Fargo market and invest here locally.

Market OverviewThe Los Angeles apartment market is comprised of 864,197 units in thirty-seven geographic concentrations ranging in size from the 62,684 unit Hollywood/Silver Lake submarket to the Tujunga/La Crescenta/Montrose submarket, which amounts to 5,448 units.

Even small, common mistakes like renting below market, picking the wrong tenants, unwilling/unable to enforce lease terms, slow turnovers, or unscrupulous contractors can cost more than a good PM will charge, and that's before you account for your time and the stress.If you have the personality, I recommend self-management for anyone who lives within 1-2 hours of their investments.

I'm looking at a condo in Mesa and would love to talk to someone who is currently renting in that market.

Approached multiple real estate agents in my market with the attempt of understanding pocket deals and to make offers on distressed on-market properties they have listed on the MLS.

Maybe in a Market where housing is less expensive.

This would mainly depend on the market as you said.