The important thing is to find the balance that works for you.Finishing up “Later”Don’t be fooled: if you start a project or task, you need to see it through.

BTW, if it's in Simpsonville, you may find it more difficult because of the rural nature of the town.Best of luckStephanie

Not sure how sound that strategy is, but figured I should at least try to do something with it.If all else seems to challenging, difficult or makes me uneasy, I’ll just stick with what I know best: SFR rentals.

Tenant B is needing more space and renovations or they intend to leave as well.Tenant A hanging around is going to make it difficult for me to plan and perform expansions and improvements for Tenant B.

:) But I’m brand new at this and just educating myself for the first time... so far the main criteria to finding a ‘proper deal’ I’m aware of is to make sure you but your property at a discount. (20% - 30% discount seems right but I’m sure practicing this is much more difficult than it sounds.) 

Details:Outstanding loan amount on the home is $187kPreviously listed for sale this year at $250kArea comps are around $300k and rents around $2000/moPhotos in sale listing show a mild hoarding situation and listing says house needs some workMy main question is, in a sale like this, if the outstanding loan balance is $187k, is that all the mortgage company is concerned with or are they looking to make as much as possible?

This can allow you to sell an asset, improve your personal balance sheet and/or be in a better position to get conventional financing. 

I don't know anything about the market that you are looking in, but keep at it. 70% is going to be a little more difficult to get and we often sell properties to people at 80%, but everyone has their own criteria they follow. 

@Lauren PerryHey LaurenI am finding it difficult to buy true cash flow properties, as many markets have risen considerably.I started in Atlanta in 2011 when distressed SFH were selling for $35,000, today average value of $170,000. 

For example, an additional $5,000 in loan balance will increase your monthly payment by slightly less than $28.00 on a 30 Year Loan.