But if it does, you put whatever you can find thats the cheapest while being the most durable. 

What constitutes a good location in Kansas would be totally different then NYC.We can assume, a locations proximity to TRAFFIC, either pass by or generated by location would be key.

From a few people I know that do STR in Bali, I can confirm it's highly profitable.

I would like to have an active earning real estate job so that I can fund buying rental properties.

If you do eventually qualify for REPS, you can use real estate losses (including depreciation) to offset your W-2 income, which can lead to significant tax savings.  

This can vary greatly from one city/state to another. 

I do usually have a few small local pieces that I can usually afford.

That said, expect to deal with a fair amount of fluff leads.The two best strategies I’ve found are inbound methods: direct mail and Google Ads.Direct mail can be expensive, but it can also yield highly discounted properties.Google Ads, on the other hand, doesn’t require data extraction like calls, direct mail, or texting.

I am just wondering about the value financially the landmark thing can bring. 

They are often sold at a discount, but they can come with significant repair needs since they are usually sold as-is.### Due DiligenceBefore buying an REO property, conduct thorough due diligence.