Don't hesitate to ask for advice from experienced investors, and continue educating yourself throughout the process. 

I'm also well into the process of turning this duplex into a residential independent senior living facility, which will increase my monthly cashflow by 25k before expenses. 

I would agree, as an American I can’t go to other countries and buy property unless I go through a process of theirs to be able to purchase or some you cannot purchase at all

Hi all,After much research on BP and a few other sites (Onerentalatatime), discussions with my realtor/some REI friends and reviewing tons of listings, I am in the process of making my first real estate investment in Jersey City.

I'm in the process of studying to obtain my real estate license, but I'm eager to dive deeper into the world of real estate, in particularly interested in learning hands-on skills related to home renovation and remodeling (Fix&flip)I believe that the best way to learn is through practical experience, so I'm hoping to find someone in the industry who would be willing to mentor me or provide on-the-job training.

Value add properties would be huge here since you could do the work yourself to increase the value, while living there, and learning the fix-up process, etc.You're on the right track, looking at pros and cons and analyzing.

to further these objectives I am planning to start the acquisition process as “cash only” plus some forced appreciation, put into LTR or managed MTR, establish records and build a very healthy reserve account attached to the property, refinance with low DTI to pull some equity for next acquisition. i started building a spreadsheet but thought “I know I am not the only one, why reinvent the wheel without reason?”

And how long was the process?

You don't actually own the property until the sale is ratified by the courts as a foreclosure is a legal process though you are generally responsible for the property taxes for the property from the moment you win.

Recommend you ask them to explain their processes for: advertising rentals, prospect screening and maintenance COMMUNICATION.