Never miss them.

This worries me a little because the more we wait, the more potential the market has to go up, the more we are missing out on, and even less inventory will be available. 

What did I miss or maybe have a lack of understanding on that I should research more?

I am going to use it and prep it until Spring, then launch it, but my payments are so low, it's a no-miss.

I've written a few articles here that should help in your decision:The 10 Best Markets for Your First House Hack13 Real Estate Hot Spots You Won’t Want to Miss Next YearI'm personally putting my money where my mouth is and moving to Fayetteville, AR where I will be house-hacking my first property--something that could only be a dream in Los Angeles.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Others are Mr Howell and his deck chair with the drink with the umbrella in it in the shade . 

Are we all missing an opportunity with the 43,000 Vacant Lots in Philly ? 

@Jacob Beg Some pitfalls are the amount of work it took to be thorough (it was like having another full-time job at points), and potentially missing things that a public adjuster would catch.

The file is limited on what it can do, and misses the mark on things like depreciation recapture or like-kind exchanges, which will impact returns, but it’s fairly sophisticated relative to what you can find out there or if you were doing it yourself with limited knowledge.