I am currently a real estate agent, and working full-time to build up extra capital to invest in rentals, flips, and note investing.

One of the difficulties with moving into a new state is the lack of knowledge of the surrounding markets, and what parts of town or the outskirts are improving, and will continue to improve.  

@Marek BerrySeasonality does play a part but buying at the right price (with the understanding you will likely have a little extra hold time) will always cancel out the more minor aspects of a deal, such as seasonality.  

What you may find difficult is in getting a separate water meter.

I really don't understand the law forbidding that.First time in our lives we are in financial difficulty and want to take out a small loan on a home that is worth at least 6 times more and paid off.But if I didn't live in my home I could.

, but was unable to take advantage of the opportunity due to the problem of funding the extra $135k due a few weeks later.

@Stephanie Minor yes, I plan on getting a FHA loan for my first property, I'm looking towards a 4-plex but am hesitant in pulling the trigger due to the extra landlord-y responsibilities that would be involved in maintaining the units and tenants.

That said, the overseas investor (investor outside the USA) does have extra friction, hurdles or problems.

I'd structure the monthly payments so that you are making the mortgage payments yourself and giving the seller a little extra that goes towards the purchase price.

Check out the member search area under Network to find local members.I too decided to get my broker license after having difficulty finding one that understood investors.