Third, look at the principle of substitution.

It can be both, depending on your investment objectives and market cycles.

So, like they say, past performance not a guarantee of future results.That being said, in principle, you have options if hit with the DOS letter: you can refinance (if in a good position for that) or pay off the loan, or the problem can be cured easily by transferring the property back (and you can play this game back and forth repeatedly with the bank).The main problem you have, IMHO, is the partnership.

Stick to your principles, get the right tenant, and by the time you’re ready for the next one, you’ll feel much more confident about the process.

I thought I was seeing objects falling from skyscrapers in Manhattan until I realized these were investment bankers jumping out of the windows ....Just kidding.

Yes i want to make a profits. i want financial freedom, and for that I will charge maximum rent and buy for lowest price possible. that's my objective in real estate business, shouldn't that be yours too?

But from a purely objective investor perspective, you will have an easier time and more consistent cash flow with fewer doors in higher-end areas. 

I have a principle of 9K left on my car which I plan on using the extra savings to quickly pay it off so I can have an extra 350 to save and invest.

Being as objective as I can is certainly my goal.

We are in a position where we can potentially raise more money to do investment deals, but had a concern about some objections we may face.