I have been doing this for over 20 years and my experience with Don Wenner and DLP is without a doubt the absolute worst.

You can't calculate it like that because you are going to make about 20 percent of mistakes buying on your first 5-8 properties.

Looking back I made some clear very expensive rookies mistakes and learnt them the hard way.

There’s simply no room for mistakes that can be easily avoided.Did this article help you?

If it breaks even and preserves equity on resale then that is hopefully worst case scenario.

Worst case scenario, if you wanted to go with another lender, you can have the appraisal transferred, typically as long as it was ordered through an Appraisal Management Company.

Don’t Be Afraid to Make Mistakes:Every successful investor has made mistakes early on.

Instead, focus on how you can turn what you have into a consistent flow.To do that, you need to reverse-engineer what it takes to get consistent deals.The biggest mistake people make is this:"I have $3,000, 4 wives, 3 chickens, 2 feral ferrets, 5 girlfriends, 7 jobs, and only 2 hours every other week because of my job and all my girlfriends... how do I become successful with this hectic life and limited hours ?"

If the system automatically processed reports, they may get sent out before the manager has an opportunity to review for mistakes or make changes.What problem, specifically, are you trying to solve? 

@Jose QuinonesOne of the biggest mistakes I made in investing was not thinking of exit strategy.