. , the other thing I often do when I'm starting to evaluate a new market, I subscribe to the local newspaper or the local business journal and doesn't cost that much, usually $5 to $10 a month.

Hi Victor, You should talk to a local lender about a bank statement loan program.

They should be able to point you in the direction of someone local and have an idea of what the cost is.

I'm not sure if I am going to start local (since the market is so high here) or if I am going to go OOS.

Very rarely will a bank bid on a tax foreclosure, if it happens it's usually small local banks who would rather have the county do the foreclosure instead of them.  

For the rentals, we always have a local "on call" relationship with a local investor to assist when needed.

Not quite a new member as I've been lurking these forums for years, finally deciding to get serious and figured doing the "New Member Introduction" post would be a good step.Briefly about me:  I'm currently working as a merchant mariner (3rd Mate) and I travel for work about half the year, looking to get into real estate investing to supplement my income and begin building a portfolio during the half of the year when I am home.  

It has been recommended to attend a local meetup, but what do I say?

Additionally, depending on your unique requirements and tastes, speaking with a local real estate agent might offer insightful advice.If you have more specific criteria or questions about any of these areas, feel free to share, and I can provide more targeted information. 

Local brokers in your market will know the current cap rates for the property class, mainly based on recent comparable sales.