Stay in and be part of this 721 or lose my investment most likely.

The challenge is free, so there’s nothing to lose—except maybe a few missed deals if you skip it.👉 Reserve Your Spot for FREE Here!

My broker advised me to "bite the bullet" and close the deal, telling me that I should be glad I wasn’t losing money on the deal.

There are other downsides that need to be added to this list, both related to resident psychology.When a resident has a security deposit, they consider that to be their cash and they don't want to lose it. 

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

If the 1st then goes into foreclosure, you are in deep trouble, you have to pay it off or lose your money on the 2nd AND lose the property. 6.

This would be my first real estate investment, making the decision even more critical.I understand that backing out would mean losing the $2,000 earnest deposit.

If you put the house in her name and you have siblings or other folks who would have a claim as a direct heir on her estate, you run the risk of losing the property to another heir. 

As newcomers to real estate rental investing, their guidance has made us feel confident and excited about this new venture.

Used to keep small loses into becoming lawsuits.Normally offered up to $5,000 but check to see if higher limits are available.7.