You will make mistakes, but you'll learn the most from mistakes - this is how to improve your life.

Questions for the community:Did I make a mistake in my purchase?

Dive in, and don’t be afraid to make mistakes.

The biggest mistake many make is purchasing their first property in low barrier markets with poor fundamentals  solely because the real estate is inexpensive and it’s the only place where they can afford to buy.

If you have a rich parent/rich spouse who's willing to sponsor your mistakes, a very high paying job that can sponsor your mistakes, or won the lottery and can afford mistakes, then you don't have to do the last step and keep doing what you think it's the right thing to do. 

So now when the capital killer event arrives they try like hell to bail themselves out of the mistake. 

That was your mistake.

@Daniel KebedeRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Be sure to allow some margin for error in your first deal because you'll make some mistakes but be sure and try to get into action quickly! 

This is a mistake.