., after you verify the rents and the major operating expenses like taxes and insurance, and apply your own experience about the typical costs to maintain and the amount you need to allow for potential vacancy), you decided that these properties are being offered at something closer to a 5% cap rate.Before you spend any more time or effort considering these properties, you know that, at their asking prices, they are not worthy competitors for your investment dollar.

There's nothing decent at any of these western areas (that you'd want to spend a night in) for under about $275K.

So let’s say you buy this $70K home with Hard Money Financing and put down $10K and the lender puts a note on the property for $60K and then you rehabbed the property spending $30K.

And if you spend the 5K..

I visited the property every weekend and I ended up spending at least double of what I thought it needed.

K. it but after I’d just found out from one of the previous post here that we shouldn’t accept partial rent due to the delayed eviction timing issue, so instead I’ll tell her tomorrow I’ll give her a 3 day pay or quit notice on the 10th for the entire portion of the rent plus its late fee to just follow the procedure.She’d also told me that she’d her brother and sis-in-law moved in due to her brother is having cancer (terminal with 3 months remain); sis-in-law no longer have a job; for the reason she wants to spend the remaining time with him.

See some areas are not worth spending a whole lot of time in no matter what the circumstances.Partnering up with out of state investors to do deals until you reach that comfort level.

So, here we are once again with the important question . . .What is it that we could do to make you spend more of your time online with us, here at BiggerPockets?

The idea that you need to keep spending money in an area where you are already over-extended makes no sense.Finally, this really isn't a real estate question, it's a financial planning question.

I've been suggesting to them that the process is rather long, and as long as they are willing to spend about 90 days going through the process, after they make an offer, that they can get a good deal.