Over the last 5 years we (@Sam Wilson and I) have developed a pretty cool and detailed system for tracking preforeclosures in Tennessee - primarily in Memphis and surrounding counties (but could easily be expanded to any other county or city).  

I've been involved in the Indianapolis and Kansas City markets, which are two very affordable markets, but I can tell you that nothing in an area that you would want to invest is only $40K, especially with the surge in pricing that those markets have undergone the last few years.

I can across a property right down the street from where I live that is interesting, but out of my area of experience.

Hey @Shawn Kalakota, what city in Australia are you investing in?

In Indy you're probably safer than most cities but I'd stay away from getting loans on everything you buy.

This is not uncommon as most small developers try to avoid involving the City in light renovation, but this seems to be more than light reno work.Is there a way to still make this deal work?

Hello,I have just began to start searching for my first investment property in the NW Twin Cities metro.

Because it was in a small town, the city got wind of it and got involved and required me to get permits for everything and bring everything up to code.

I live in New York City and have been looking for a mentor as well.

Being that it's a tourist city, Brand Ambassadors frequent the city and theirs always flight crew passing through, I know it will be very busy.