Prior to that I had only done 10 units on 5 years.

@Brian Erickson The main benefit of having a license is access to the MLS for the purpose of doing comps (comparable sales).

(Just so you can compare costs). 

Compare them for each scenario and see where you get more return.For instance, if the rate of return you get on the investment property is higher than the interest you are paying on the mortgage, the investment property is the way to go.

The demand for housing remains at an all-time high, but statewide we’re seeing a slower rate of increase in sales compared to previous quarters due to the lack of inventory of properties for sale.”

Pending sales in DFW dropped like a rock vs. prior year, and since sales lag pending contracts by a month or two I would expect that it will start to affect the sales numbers shortly. 

or try for sale by owner (Craigslist)...We'll explain that there will be more fees involved, and that it will take much longer to sell (especially in this market, compared to a few months ago) - but that if they're not in a rush of any kind, that it's usually their best option...In our experience, the best thing is just to give people real advice, and if you can really help them out - tell them that.Small margins are also tough for rehabbers, who are taking on risks and spending lots of time and money on the rehab.Best,Sean

They are of all different sizes, conditions, number of bedrooms, some are in foreclosure, some are on auction, some for sale -- and all of these different qualities make it hard for me to compare.

Similar you say Oz and NZ are over-priced but compared to what - the US?

Don't waste your time looking at them prior to winning the bid.