A place like this may do ok with displaced parties, but not likely for travel nurses or contract workers based on your description, depending what else is out there. 2 bedroom single-family homes are great rentals because they cost way less to buy and don't rent for much less than a 3-bedroom home.

Always be in front of the contract and prioritize where you're buying and entry price. lf all those are three in your favor, you have a lot of leeway with some of the normal but difficult parts of a fix & flop/hold.

Hi everyone, As the title says, I'm under contract on my first deal.

I don't know the contract price you are paying but hope this last part resonates. 

Thanks for the insight I'd review the contract or agreement and maybe consult an attorney about getting out of this.

They are rarely reported accurately by realtors on the MLS when transactions close to begin with and I don't believe anything other than the contract sale prices are utilized although an official study on this would be very interesting albeit a painstaking process to undertake. 

And yes we get a deal when we contract for 90 house plans we pay 2100.00 per plan and that include engineering.

You need to understand the market, advertise to buyers, show it in the best light, know what to say and what not to say, be skilled at negotiation, understand contracts, and much more.If you don't know how valuable a good agent can be, it's because you've never used one, or they made it look easy because they are skilled. 

40k sounds like a lot of money for mentorship, if you pay for something like this, definitely get a contract and even demand for a guarantee 

If anyone wants a copy of the study, DM me.Traveling nurses generally get a 13-week contract with renewals, so you should not run afoul of HOAs.