Advice for an Experienced Investor ( with no local experience at all)

[Don Nicolussi]

Hi, Everyone. I just wanted to introduce myself. I am based in Australia and an Australian citizen looking to start investing in Duplex to  4plex-style residential. Perhaps you could say I am an experienced property investor, but I have precisely zero experience purchasing real estate in your country.  In the past, I have owned residential real estate in remote locations ( other countries than my own ) and been successful in buy-and-flip, buy-and-hold, and some simple small-townhouse developments. Right now, I am reading everything I can and preparing for my next research trip to North Carolina. My goals are not too crazy, but I do want to establish a portfolio that is significant to my family over the next ten years. Back home, I work as a mortgage broker. My real passion is residential real estate. I don't know if any of my experience will transfer to your country, but I have noticed over the years that despite the number crunching and research, real estate is ( for me at least ) a people business. That is, the real task is to find good like-minded people. Buying sight unseen is not an issue for me, but I would only buy in locations I have visited and walked.  Anyway, I value everyone's time, and just in case you see my name pop up in a forum thread, you will have some context. 

[Michael Smythe]

@Don Nicolussi not sure what you mean by "owner turnover rates"?

What we do see is that many investors aren't doing enough research to understand the submarkets, leading them having unrealistic expectations. 

Then, they blame everyone, but their own lack of research, for property/tenant performance not being what they came up with on paper:(