We aim to start with flipping houses to build capital for more significant future investments.Currently, we are exploring the option of finding a partner who is a resident of Australia and has funds to invest with us.The high cost of properties in Sydney is challenging ($2M), so we are considering exploring a more distant but cheaper market.Is it a reasonable strategy for first-time investors?

Deal details: $800k pp, 1.5 back end high seasons jan to April 15-25k, low seasons 8-10k

It's also about understanding the market, having folks or a team there that can help you, and making sure it's viable for you personally.If this property checks those boxes, ignore anyone that downplays the returns not being high enough.

I currently have a large 1/1 with a ton of space in a highly desirable location in Chicago.

My local town I am in prices are way way to high. juat trying to snag my first buy and hold desl.  

I live in Southern CA where cost of living is high as is real estate.

Example of one I have when I lived in a different state. bought from a highly distressed seller for 10k cash.

So- at 3% vacancy, if we don't have a new lease signed within 3 weeks, we are priced too high. 

Here in Colorado, for instance, to get a pure Airbnb investment property, you're looking a highly differentiated property -- you gotta be different to really crush the numbers. 

But I think prices have risen so high in the Phoenix area that it's kind of scary to jump in.