As a young foreign national who wants to start investing in the US I started working out a step by step investment plan.

Note without including appreciation So Cal has been a poor RE investment but due to appreciation it has been the best REI in the nation (along with San Fran).The point being cash flow is only part of what determines a good REI investment.  

Different types of rooming houses (ie. student, institutional, social/low income) will require different focus and skill sets.Boarding houses (meals served), group homes and care facilities require additional administrative effort in exchange for the greater revenue.  

Let me explain it the way my mentor did, who is one of the nation's leading financial minds.  

In Massachusetts there is a 20% credit for all QRE ( Qualified Rehab Expenses)  and 20% available through a second application on the federal level with the National Park Service.   

My question is, how would an independent agency compete with all the big, national agencies that are dominating our local areas?

@Robert Sims, Fidelity National Title has an office right there near your property.

It all just refers to non-institutional money, which I know just kills some on this board.

I am a rehabber/flipper/landlord in KC and also run a national Co-op for real estate investors called Community Buying Group.  

Our nation's debt is the main reason why state and federal funding for colleges/universities has been cut significantly.