I'm curious if you have any advice on focusing my attention to another market; do you think it's too difficult for a beginner?

I had a deal in front of me and need help determining if this is a good value....It is a low cost low income building.I have a break down of all the numbers but I’ll just throw out the basicsGross rent is $234,000 on an upward trend producing closer to $22,000 a month last 4 months, seller has been clearly cleaning things up a little before sellingThe balance sheet that they gave me shows $98,000 NOI but they do not have property taxes listed and makes me wonder what else that they left out..But either way that should still keep the NOI above $90,000The asking price is $800,000Looking for advise from some experienced investors Thank you

Hey James,His most recent letter from the bank said his balance was $138,168.

I know a lot of these people are going through a difficult time so I want to make sure I am asking the right questions.I know there are a lot of people here who are closing multiple wholesale deals a week.

Unfortunately, it's difficult to know if the county is outdated unless you ask other investors in your market.

I like it bc of the current cash flow, but I'm thinking it will be really difficult to sell homes in a rural area.

I just had a difficult tenant move in recently and haven't been able to deal with his rebellious attitude and get him to listen what I asked.

Interest on a heloc for a rental is deductible, with some ‘rules’.It’s difficult to get a heloc on an investment property.  

The margins that we became accustomed to receiving became increasingly more difficult to discover.

But conversely, one person can only do so much, and you really need to be able to go to the property a lot, so if you're long distance I think it's difficult (but not impossible) to self-manage.