You need to be positive, and just get as many reps on the phone as possible.

  $900 seems to be the sweet spot right now and most of those cost 45-55K including fix-up.With all that said, I'm positive I spend money on the properties in ways that most landlords at these price points do not. 

I know that my COC my be lower, etc but my main concern since its my first property is being cash flow positive.  

@Kevin Akers,You’re in a great position to leverage your equity!

I've seen a lot of positive feedback about Northeast, though I have not spent any time there myself.

I may have more strict requirements for my operations today but just means I need to look around more for a market that fits my current position. 

Attending local meetups, analyzing deals regularly, and continuing education would position you for long-term growth.Good luck!

My position as GP is justified with work experience being that I invest and develop for years, and for putting the deal together and bringing the unique opportunity. 

You may end up needing to go through the whole foreclosure process which can take a lot of time and cost a lot of money, and you may end up getting the property back in much worse condition than when you sold it, potentially with a squatter in it and months of lost rent, and in a worst case scenario you will be in a much worse position than if you had just sold it outright. 

If positive, it's generally treated like income or offsets the liability for that property to $0; this is highly dependent on the circumstances.