PaulBecause it also seems like an accessible entry point.How long should I stick it out to find property in a specific area, before moving on to the next?

And, sorry @Andrew Hogan, I have to disagree that 506(c) are higher quality than 506(b).  506(c) only became available in 2013, so there are many, many long time, proven operators that never made the transition to 506(c), simply because they didn't need to.  

I don't mind scepticism as long as the feedback is constructive and supportive.Below are some things for you to be aware of...Paraguay's credit rating was just raised from BB to BB+ citing a stable economy and the region's highest growth expectations.

@Angela A. rentals are a long-term game, despite what everyone thinks.Why don't you look into rental rates and work backwards, to determine the max PITI payment those rental rates will support, and then calculate the max mortgage amount?

They have straightforward eviction processes, no limits on how high rent can go, and not many rules on money kept for damage or how long someone can rent.

Do you want to try to make some cash flow or secure an asset for the long term so that maybe you can get some friends to rent rooms from you?

I currently reside in Turkey, but approximately 28 years ago, I was living in Long Island, NY.

I'd like to know your plans for long-distance flips, that you could do from anywhere.

The Buyer has no skin in the gameIf someone is approaching you to buy your house without a mortgage or conventional financing and are tying you into a long-term contract they better have some sort of collateral that they're putting up.

Planning to sell two investment properties in CA and buy one primary residence in CA.Property 1 is listed and expected to sell in August to September timeframe (Around 150K long term profit, total sale price around 0.85M, no loan)Property 2 is under renovation and expected to be listed in August-September, and close around October to November (around 400K long term profit, total sale price around 1.7 M, around 0.6M loan. ~1.1 M in cash).What is the best time to buy the replacement property?