My only question is regarding the financing for the purchase of a "fixer upper".

Also depending on the market if there are tenants with low rents, you still have the upper hand and can be more competitive against traditional investors.

If so, you may need a fixer upper...

We've primarily been looking in Upper/Mid Cape, researching what each area has to offer.

Another challenge is the FHA's property condition requirements, which make it difficult, or in some cases impossible, to buy a fixer upper or value add property.

They were  both fixer-uppers, but I have never flipped a property.

There is a handy search bar in the upper right that makes it easy to find previous discussions, blogs, podcasts, and other resources.

Owner has the upper hand.

You should have sent an eviction notice as soon as they fell behind - this gives you the upper hand.What does it tell you if a tenant IGNORES an eviction notice?

Of course, no one is going to admit to making emotional decisions, but I thought it would be an interesting discussion.Sometimes what appears to be an emotional decision is actually a portfolio or strategic investment decision, just not expressed well.For example, all property I invest in, both commercial (most of my holdings and residential (a much smaller percentage) are, by choice, in the upper 33% as to condition, location, desirability, appearance and demand.