I enjoy sports, playing guitar, and the beach.I have completed the 135 hour real estate salesperson course through Rockwell Institute, and really felt like I learned a lot.

Again she owes 121K , lives in 11 hours away and desperately needs to get rid of the property.

@Alex HamdenI spent three years... literally three doors down from that house!

The survey I refer to uses three brackets of data and a average cap rate for each (LTVs of 75%, 50% and 68%).

When you have such a major area like the Bay Area and Sacramento regions within 2-3 hours drive and lots of high wage earning individuals in those markets I would believe they will continue to vacation there.

After doing many hours of reading and research on BiggerPockets, I have realized that I must make a major change in my investment strategy.  

It will be tough to find a HML who can fund the deal fast enough for an auction property.Auctions typically require full payment, in cash, within 24 hours of the end of the auction.You would need to get pre-approved with a HML and have the funds already available.Otherwise you could find a private money lender or partner to take on the deal as well.

They called back a few hours later and took the 7.5k.

If you are ever going to borrow money later it will likely be at worse terms than the three loans you outlined above.I would invest any money you were planning on using to pay these debts downs on opportunities that pay greater than 5.49% returns.

Oh yeah, and I would like to do this, maybe three to four times a year, but three being the goal.