The bank's main goal is to collect interest.

What are the main factors YOU take into consideration to decide what market to invest in?

My main concern is that I don't have any construction background and I have never rehabbed a property before so I don't have any real world experience regarding the costs associated in doing so.Once I find a deal that looks promising on paper and I physically go walk the property with my realtor how am I supposed to determine a rehab estimate without any prior experience? 

There are several.The main branch in Eldora.

My main issue is I'm not sure where to start!     

Hello Chris,  The main purpose of obtaining a real estate license is to that you can lawfully recieve a commission when buying, selling or leasing real property for clients. 

It's located in a small booming town on one of the main streets.

This is simply a different business model of handling investments so as to expand your choices for the IRA beyond conventional financial products.

I know that this site (biggerpockets.com) is mainly for the US but I hope I can catch some interest.

My main concern about buying a higher ARV for a great deal is that I may have to wait a while for it to sell and I’m not sure how that will irk with a HML or PML.