Also most of us learned some interesting things about how Korean real estate is different than what we are used to dealing with Thanks to @Jacob Michaels and his wife Victoria with helping to explain the differences.Interesting facts about Korean Real Estate (mentioned by different people in the group)* Insurance is not a major concern for investors in Korea* When signing a housing contract, a tenant or owner can add in stipulations re: who's responsible for paying for what* Only 20,000 Licensed Hotel Rooms in Seoul - Indicates a shortage of rooms* Korean real estate prices seem to be at 7-8 year cyclical low* After earnest money has been placed by the buyer(at least 10%), an owner must repay 2x's the earnest money if he wants to back out of the deal We will be planning another meetup for early December.  

Well, all of a sudden it went under contract, without me receiving any indication of a price drop or a lower counter-offer.  

Based on the minimal potential profit, I am going to pass. 

There may be a way to fold some of those into the purchase and minimize the tax bill.  

If you can't find a Quad in an area that you would want to live in, that may be an indication that there's a market for that, so the question is, are there any lots available, zoned for that use, and what is the price, etc.? 

Repairs will be minimal landscape and inside rehab and I will guess on high side 20K. 

Let me give you some context:With a minimal marketing budget in 2014 (read $0), I did not have the luxury of launching big campaigns, taking out ads, etc.

People are the same , whether - Jealous, Protective, Or ....I try to Live my Life with Minimal Regret !

Prices are up by 100% in the last few years for homes, (indicating the expansionary phase by his theory), and yet apartment rents have gone nowhere, and there are still empty apartments everywhere.

I would like to minimize the cost associated with managing the property and am willing to do as much of the work myself as possible but it seems like most of the work has to be done by someone local.