When I do business at a distance I will only deal if there is at least one known quantity on the other end. 

If there is an objection, you can negotiate.

Hi @John Lee, It really depends on your goals and objectives.  

This may help you find more agreements that suit your objectives.

Not as big of cities like Columbus, but a way to get started at a great cost, and bring Magnitude and Quantity into your favor.As for other areas, Toledo is a hot area, Cincinnati is getting a lot of attention again.  

You can't compare a motel 6 in the deep east Texas "middle of nowhere" road to a highly desirable boutique hotel on the beach front in Hawaii.Both participate in the industry national average but one will have about 40% occupancy rate and the other probably has a waiting list year round.My advice is when you look at properties, learn the micro-economics of that city, neighborhood, zip, down to the level of the street corner so you can verify that you know exactly the nightly rate, the occupancy rate, who's the competition, what kind of customers go to that hotel (e.g. truck drivers or fortune 500 CEOs), etc.Also, what the asking price is according to the "industry" is irrelevant if you can't meet YOUR business objectives.

Because the first objective is a pad/neighborhood for you to live in, not cash flow.Yes, as someone mentioned, you can rent for roughly the same amount you pay out of pocket.... but you locked in your mortgage rate and so a big part of your expense is capped while rent can go up to... who knows.These part owner-live-in/part-rental properties is never purely about numbers. 

How do you handle a seller objection when you are discussing a lease option or seller financing when the seller wants to know if you, the investor, can provide a pre-qualified letter to show you can actually afford the payments, because they are actually leasing or selling to you?

But many object to assignment deals that many wholesalers use.

Our objective is to create a large enough income stream to allow my husband to retire in a few years.