Our preference is also to buy at home, but late last year we started learning about different Cities in the U.S.A. as we can probably get more return for our dollar there at the moment.

You don't need a "company" (LLC, etc) yet.What you need to get started is:1) A process2) A teamKnow exactly how your process will work:a) Meeting cash buyers & understanding their needsb) Finding motivated sellersc) Evaluating propertiesd) Calculating offerse) Testing the water with your buyer(s) if necessaryf) Negotiationg) Closing via a contract/agreementh) Assignment to a cash buyer via another contract/agreementi) Receiving payment at closingFor your team, you'll need to know:a) Cash buyers, of courseb) Real estate agent(s) or broker(s) - provide comps, MLS opportunities, etc.c) Title company (preferred to have one you use for your deals)d) Attorney (required in some states)Best of luck!"

They prefer you have a eviction crew there at least 2 to 3 people because they do not want to be there for more than 30 to 45 minutes as they have other evictions to serve.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

Here you will meet wholesalers who provide deals and rehabbers.You might consider Niche or Specialized Housing like student housing.

All other things being equal, I most prefer the seller to hold the note for the duration of the project.

If you prefer to do flips such as in Memphis for example, you can rent in a nice area for 1000-$1150 and put your money to work on flips as @Curt Davis mentioned.Just my two cents.

I have been doing some reading on it but I would prefer to talk with someone who is doing it to get their perspective on several aspects of it including ease of purchase, maintenance, tax issues, foreign ownership rules, entities, etc.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

I prefer to buy distressed properties, fix them up and hold.