But with a decent income producing property hovering around the $3MM mark in NYC, how doe one get around coming up with $600k (20%) and stay afloat as an investor.

Buckaroo Banzai (and Confucius)"Early to bed early to rise, makes a man healthy, wealthy and wise"Benjamin Franklinbut prefer the corollary:"Early to rise, early to bed, makes a man healthy, but socially dead"Unknown

But my guess is that if you can't produce a crop, livestock, or timber on the property, they're going to give the land a very low value.

There is nothing to be fearful of if you understand what you are doing and have a long view of history:1) The correction in the real estate market has refocused investors away from the greater fool theory ("I'll buy this property in hopes that someone will pay me more for it in a few years") and back to the fundamentals of investing -- that the intrinsic value of a rental property comes from the stream of income it produces over time.2) Property values are falling because supply is greater than demand.

Too many people think only about the marketing and not enough about the product.Take the product to the masses and the masses will come to see the product.Find out who the top producers of high end real estate are in your area and bring the deal to them.

There are too many living and believing in entitlements and providing or producing,,, nearly nothing but really costing the rest of us too much.

The market have been exhausted, the auction didn't produce results and now the bank is with the back to the wall trying to get rid of the property.

What a tough question - make certain you get views from factories that service your area and be certain to differentiate between different factories with the same brand name.For example, Champion has plants that feed Southern California based in Lindsey CA and Chandler AZ and the product they produce is quite different.

He is right in that you need to be careful who you trust, however, countless times I have formed great relationships with top REO brokers (which is a necessity in the REO biz) and although they represent the banks as the sellers, there is somehwat of a non-personal attachment as banks are just big corporate entities and I am a real person in their office whom they like, whom they drink beers with, whom they joke and laugh with on occasion.These relationships produce great deals.

Another concern I would have is... can you own an income producing property as a non-naitve.I would check out how many other non-naitves are doing this and what kind of issues they are experiencing.Also, how long to you intend to live in Thailand?