You could have received the confirmation of your suspicions that you desired and been more thoughtful about your effect on what might just have been an inexperienced private lender. 

I've been told you can get premium rent value on properties in less then desirable locations this way. 

Substitue R for years  of purchase price and N for desired cap rate, decide to solve for either R or N using the following formula(s): N = 1/(12R) or R=1/(12N). 

IF a deal is a deal and you're netting a desirable profit for the time/money invested, then it is a true investment. 

But perhaps it being legal makes it a more desirable place for some people to live.

In fact my home with the freeway was considered a very desirable area.   

I want to be able to state specific goals/desires at moments in time and see if they're met.2.

Provide safe, clean, and desirable living space for tenants.Specifically, I'd like to own units that don't have significant deferred maintenance and generate monthly cashflow of $3,000.Property:The subject property is 16 units located on the outskirts of Calhoun, GA.  

A deal that cash flows because the home is desirable to tenants and maintenance is minimal is better then getting a deal with 20% equity that looks tired and has a lot of deferred maintenance shortly after the purchase.

Their responses to me say they are trying to build your desire to buy, so likely overpriced properties or they don't really have anything for sale now but want you excited ahead of time so when they do have a polished turd to sell you you will take it.