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Thanks Skater, yes I did run through the thread a little while bag but I think I ended up putting it in the too hard basket. Probably worth a revisit, perhaps it would be interesting to analyse the various opportunities available, not only from distressed sales, but the market in general and...

Barriers to entry, lack of local knowledge in terms of locations, cities, vibes, lack of control doing it remotely from aus, differences in markets, stock, "how it's done", all make it hard to enter. That being said, perhaps this is why it represents great opportunity. Looking at this thread...