The NOI (Net operating income) needs to be sufficient to cover the payment and some amount of spread.To make the numbers simple lets pretend the payment on the 50K mortgage is $500/month and the 70K mortgage is 700/month (these are likely high numbers) if the rents minus expenses (excluding mortgage) net out to 750 then the 70K mortgage is pretty risky since there is only a $50 spread and the 50K mortgage is much less risky with a $250K spread. if these numbers held up I wouldnt buy the property at all unless I could get a 60K mortgage with a 600/month payment and have a spread of $150 and 10K in cash reserves. 

It might sound attractive to pick NC because of prices and supply of inventory or what most people would say "better deals."

These are things like:  talking to people,  getting over the fear of the phone, hard work , taking risks and betting it all, handling failure and rejection, perseverance, and picking yourself up off the floor, dusting yourself off and doing it all over again.

I figured it would just be a blind shot for me to pick and thought of you since I live in La Habra, CA just about 5 minutes from your office in Fullerton.

I like to think i’m pretty intelligent so i pick up onto things quickly but i also like to find the simplest, easiest ways things can be explained to me.

It is a very complicated math problem but at the same time simple. 

It’s fairly simple even if you’ve never done it.

@Nam Dy Yes, the process was very simple with the lender that I found

One Friday at lunch I picked up The Greensheet and was sitting at my regular job desk when I came upon an ad that read: "ABC neighborhood (about 2 miles from my office, 7 miles from my home, so within my active farm), 3/2/2, $35,000, discount for cash.

I suggest you pick a start point.