What if the business is illegal and is just cash, like drugs, prostitution or gambling?

Is there a reason that you have chosen to focus on homes so far away from your location?

Know what's happening in your chosen market. learn the 70% rule.

Break past this, thoroughly immerse yourself in your chosen trade and be determined to be the very best!

http://www.biggerpockets.com/forums/88/topics/110211-is-25-a-good-cap-rate--gambling-on-appreciation

Every time you move new tenants in you gamble on getting horrible tenants.

In 90 days learn your market well, especially your chosen area of interest.

Thanks again if you dont get anywhere, you can see if you can buy the lien, then take the gamble on if you can finish the foreclosure process.

Borrowing against retirement money is also a bit of a gamble for at least two reason:1.

Here the landlord law has special provisions for this scenario ... they carry with them a {minimum} 60-day close to allow the tenant enough time to move.I more human way of handling it, is to work with the chosen tenant and Vendor to find a new home for this tenant and help them move {again: at the Vendor's expense if at all possible}.