The following diagram should help illustrate the point:

These numbers are for illustrative purposes only. 

Reason being that it helps to illustrate your willingness to negotiate and helps to identify mutually beneficial concessions.

My normal markup is greater than my illustration here.

I'm not looking glory or glamour, just was trying to illustrate a point.

Fortunately, there are objective criteria you can use to evaluate a location, which is illustrated below.

Still working the issue to have my deductible paid by the car insurance company and I am working with the prosecutors office to provide documentation.I tell this long story to illustrate that with an appropriate team in place you can invest out of your local area.

Additionally, the agent you engage should put together a BPO or CMA of each property, passing it all through you for approval, which illustrates the current market value and relative comps.

To that extent, an illustration of the pain that can come with working with an instrument that is not the same as a mortgage and what can happen if you (or your counsel for that matter) fail to do proper research on and properly execute.

I am not saying this to brag, I am saying this to further illustrate my intent is not to do a "half a** job" as several comments are insinuating, but rather find more efficient ways to do business.