Particularly interested in investing in Columbus, Ohio and Tokyo or Fukuoka, Japan.Recently read a few books including Rich Dad, Poor Dad and Bigger Pocket's The Book on Rental Property Investing. and as a result have been looking more seriously into it.Although investing in the US seems pretty straight forward (especially as an American and with all the resources available), investing in Japan as a foreigner seems to be a bit tricky and not so black and white. 

We use it for rental as well when we're not there so there's income coming in. 

Most of them are for less than $10 and can track 10-20 rentals.

Property Summary:List Price: $230,000Estimated Monthly Gross Rental Income*: $3,400Estimated Monthly Operating Expenses**: $1,500Net Cash Flow: $1,919I have a business partner who may be interested in either a private lending of full equity arrangement, and I want to be sure that the deal is beneficial to him.

Or would you recommend an out of state investment for now as my first rental? 

@Chelsea Yanc 1) Find a rental application & lease that complies with all state and local laws2) Figure out a screening process, including pulling credit reports.

You are not a guarantor of weather, peoples' health and welfare, or unthinkable tragedies, just like the guest isn't responsible for the duties and obligations of owning a rental.

Purchase price: $770,000 Cash invested: $300,000 First house hacked for 2 years then moved out and converted to mid-term rental.

That area is fantastic Rodney from a rental perspective, very high demand. 

New rentals can be challenging when it comes to debt to income.