Hi. I have been buying, rehabbing and renting houses in St Louis Missouri for the past 4 years and found it an interesting experience. The key to success is to find the right property on the right street (local knowledge is key here) and to have a good team behind you to property manage and maintain them. It took me via trial and costly errors to now have the team that now makes buying and renting properties much easier. From my experience I now share and help others to get their US property portfolios up and running. But I agree the signs of recovery in the US market are happening and with the stronger US dollars I believe I am on track of being a very content and very comfortable (financially) self managed retiree. I could never achieve this if I invested in Australia.