Multiple sub contractors with multiple separate contracts are not allowed..Repairs/Improvements must be completed by licensed contractor(s) as required by local/state municipalitiesRepairs cannot be completed by a related or interested party (i.e. relative, real estate agent, seller, broker, etc.)Borrower selects contractorContingency ReservesMinimum 10% is required.

Especially if they specialize in seller disclosure problems.

I would recommend finding someone in your market who is already flipping and being a resource to them in exchange for knowledge.Wholesaling is a completely different business, with 80% of it being marketing and sales.

Not sure what the room rental market would be in Germantown.

My advice, don't go for a homerun, a base hit is just fine.. buy something solid and get educated about your market.Its sounds like you are spreading yourself a little thin with all those markets to study. 

I was hoping for a place there that I can market to certain activities groups (Climbing, Skiing, Hiking), while also having a place for my family to be able to use when visiting for various events. 

The only way to do that effectively is by using data.Access to resources like property analysis tools, calculators, and market data can help you make confident decisions.

The U.S. market is certainly a different market from Australia but can be very lucrative even for us as foreign investors. 

Market OverviewThe Los Angeles apartment market is comprised of 864,197 units in thirty-seven geographic concentrations ranging in size from the 62,684 unit Hollywood/Silver Lake submarket to the Tujunga/La Crescenta/Montrose submarket, which amounts to 5,448 units.

Edmonton you find $400 per door easily and there's more room for the market to run.