Many people, like you, like the idea of at least investing in places they might visit, which has it's merits if you are going to be self-managing the property or just need to feel a bit more control. 

Try to keep control on everything you are responsible for.

Just seems prices are out of control and a ghetto house is $450,000.  

I like to have my money leveraged because I control more assets that way.

Back I n the early 80's I use to fly down to Lafayette as a Funding Control Officer that worked in Addison for a Savings and Loan that got taken over by the federal government in 1987.  

They may be better in the future but with summer, if things are off, give notice so new tenants can be in by September.Month to month is the beauty, you have control and start fresh with giving current tenant your terms and be firm from the start.

You would be acting on your own behalf to protect and progress your own interests.But, make sure that your lease agreement with the owner/seller acknowledges and approves you as the sandwich lease investor, to be allowed to sublease and market the property under your control during your lease/option term. 

I started hearing about BP from colleagues and from cruising around the internet, and after listening to some podcasts, I got excited about the idea of building wealth through rental properties! 

My financial situation is good, meaning I have my financials under control and I save over $500 monthly but I don't have a lot saved as I'm an immigrant in this country and it took me few years to bring everything under control.

I'm an immigrant in this country and it took me few years to bring my life under control as I used to have.