@Brian Erickson The main benefit of having a license is access to the MLS for the purpose of doing comps (comparable sales).

(Just so you can compare costs). 

Compare them for each scenario and see where you get more return.For instance, if the rate of return you get on the investment property is higher than the interest you are paying on the mortgage, the investment property is the way to go.

The demand for housing remains at an all-time high, but statewide we’re seeing a slower rate of increase in sales compared to previous quarters due to the lack of inventory of properties for sale.”

or try for sale by owner (Craigslist)...We'll explain that there will be more fees involved, and that it will take much longer to sell (especially in this market, compared to a few months ago) - but that if they're not in a rush of any kind, that it's usually their best option...In our experience, the best thing is just to give people real advice, and if you can really help them out - tell them that.Small margins are also tough for rehabbers, who are taking on risks and spending lots of time and money on the rehab.Best,Sean

As a result, they have been able to purchase on the ground floor of a rising market sub-segment.

They are of all different sizes, conditions, number of bedrooms, some are in foreclosure, some are on auction, some for sale -- and all of these different qualities make it hard for me to compare.

Similar you say Oz and NZ are over-priced but compared to what - the US?

Does anyone have any insight to how insurance premiums compare between a 25 yr FP and a 100 yr FP? 

The numbers:Purchase Price: $28,500Equity: $49,000 (No Appaisal) Comparables are 45k and 53kFinanced: $0Improvement Costs: Projected $2,500 on tenant turnoverProperty Taxes: $700Insurance: $900 yrProperty Management: $58.33 monthlyVacancy Rate (7%): $42 monthlyRepairs: $360 yrHOA: $420 yrCAPEX: $144 yrMisc/Legal: $349 yrCash Flow:  $204 monthly Rent: $600Cash-On-Cash ROI: 9%Shoot me a pm or leave a comment if you have any questions or remarks!