You have, if memory serves me, 45 days after the sale of your home to designate up to 3 potential properties you will buy, and the purchase must be completed within 180 days of the initial sale of your home.Another option, if you are a qualified investor, is to do a 1031 Tenancy In Common (TIC) exchange.

Clearly, funds must be transferred to the custodian, right, who promptly will direct them as I wish.

Also, if you want to build a large rental portfolio, you MUST buy without using your own money.

of course I wouldn't tell the realtor that this is what I am planning; however, I must still be honest about being an investor....this is obvious by my "all cash at closing" offer.

I visited some realtors and gave them a typed description of the type of properties I am interested in (i.e. vacant; distressed owners; 3bdr; SFH, the areas etc.).

It MUST be in writing.

So here's the key...You absolutely must change your commute time to and from work into study time.

You can do mortgages as a foreign national but you must have money to put down.

Owned free and clear.Owner must be willing to take payments, I don't have the length of time on the payments yet.We will look at any property that is retail price or lower.

In RE, consideration must be appropriate for and in the scope of the value of the transaction.