Properties must align with the investor's objectives, facilitating purchase, renovation, and eventual sale with a favorable return on investment.The pre-approval process varies among lenders but typically involves assembling financial documents, company records, member identifications, and the purchase contract.

Start by clarifying your investment objectives.

When you start a thread expect others to discuss the topic you post about - in ways that do and do not support your marketing objective. 

Making $570/mo profit plus at least another $80 in principle pay down. ($650/mo total) is kicking butt for zero dollars invested.There’s certainly no harm in repeating that 9 more times.

So all of my income goes toward paying down the principle.

Get to know different strategies including buy and hold, fix and flip, wholesaling as well as defining your objectives.

Sounds like they didn't set proper expectations with the seller, didn't uncover all hidden objections, or didn't have a solid contract in the first place.

That will have a lot to do with the discrepancy you are seeing in price.Treat every market you go to with the same principle as the game monopoly.

Evaluate your investment objectives and preferences.If you want to make money, keeping the property and renting it out can bring in steady income.

From what I have seen, flipping and STRs are the best way to make deals work here, but the primary objective is appreciation, not cash flow.