Keep in mind that you can always get exposure to foreign real estate as an asset class, via REITs or other passive instruments, without dealing directly with language barriers, time zones, logistical issues (14+ hour flight), etc. 

Besides Option #1, all of the others involve financial risk on your part.My recommendation is to contact a good certified general real estate appraiser and request a feasibility study.

What most local assessors do is take all of the arm's-length transfers during a study period (usually 12 to 24 months) and considers them in reassessing all of the properties in a market area.

I came across this article today and found it very interesting.http://www.foxnews.com/politics/2013/03/31/survey-new-york-california-last-in-personal-freedoms/"The top five states with the most freedom are North Dakota, South Dakota, Tennessee, New Hampshire and Oklahoma, according to the study from the center, at George Mason University in Virginia."

May need to involve an architect very early on in the discussion and be prepared to shell out some cash for the feasibility study - or atleast a free dinner or two!

But you should go down there and study a little bit about what u want to put or money in.I could suggest soy, corn, sugar cane.

It depends -- do you think that bidding at auction is something that requires an equal amount of study, experience and expertise as being a professor?  

If I didn't call and ask, I would have committed to a deed that's way less favorable.The contract does say that they are not responsible for hardly anything, and it also has conflicting information.Here's an example of double language pertaining to title (10 of my contract):Seller shall be under no obligation to (A) remove any title exception, (B) bring any action or proceeding or bear any expense in order to enable Seller to convey title to the Property in accordance with this Agreement or (C) otherwise make the title to the Property insurable by the Title Company.BUT, right after that it says:IF, FOR ANY REASON, SELLER (A) IS UNABLE TO MAKE THE TITLE INSURABLE OR CORRECT TITLE PROBLEMS OR (B) IS UNABLE TO ASSIST THE BUYER IN PROCURING FROM THE TITLE COMPANY, OR ANOTHER REPUTABLE TITLE INSURANCE COMPANY, AN OWNER’S POLICY AND LOAN POLICY, IF APPLICABLE, AT REGULAR RATES (C) DETERMINES IN ITS SOLE DISCRETION THAT IT IS UNABLE, OR IT IS ECONOMICALLY NOT FEASIBLE, TO CONVEY GOOD AND MARKETABLE TITLE TO THE PROPERTY INSURABLE BY THE TITLE COMPANY, OR ANOTHER REPUTABLE TITLE INSURANCE COMPANY, AT REGULAR RATES, AT THE CLOSING DATE, AND THE CLOSING DATE IS NOT EXTENDED OR OTHERWISE AMENDED AS SET FORTH ELSEWHERE IN THIS AGREEMENT (OR BY SELLER IN ITS SOLE AND ABSOLUTE DISCRETION), OR (D) DETERMINES, IN ITS SOLE DISCRETION TO TERMINATE THE AGREEMENT AND DEEM THE AGREEMENT NULL AND VOID, IF REQUIRED BY APPLICABLE LAW, AND/OR IF REQUIRED BY ANY EXISTING CONTRACT OR AGREEMENT BINDING UPON SELLER AND/OR THE PROPERTY, INCLUDING, WITHOUT LIMITATION, ANY AGREEMENTSWITH THE PRIOR OWNER OF THE PROPERTY, ANY MORTGAGE INSURER OR ANY MORTGAGE BROKER, THEN SELLER MAY TERMINATE THIS AGREEMENT BY WRITTEN NOTICE TO BUYER AND THE ESCROW/CLOSING AGENT.

I spoke with him again today and he sent me more information, I just started studying it and I am quite sure I was on the wrong track before...Regarding the lease option - thinking that it might work if it was structured like an actual lease with a "normal" deposit and monthly amounts, and then a separate document that was an option to purchase.... instead of the lease/option having some huge deposit that could be interpreted by the IRS as a down payment, and then, for example, the "rent" payments being applied to the purchase price...  

This run of strong performance may last a few more years.It has also been widely publicized, however, that studies say 90% of millennials want to own a home someday.