The project met city zoning requirements, but Davis is notoriously tough to work with on infill projects so the buyer cancelled escrow before their deposit became  non refundable.

Will I go to prison if I don't know what I'm doing?

Theres a prison out there I know.  

These installers are notoriously low-skilled.

I once had a prison guard reject one of my apartments after his co-workers warned him that he'd have some "former clients" living nearby.

Hell, even if it's the wrong one as long as you don't end up in prison or the bankrupt you're well on your way.

And you have to wait 1 year before you sell or rent it out or face penalty of 2 years in federal prison and up to $250,000 fine. there are certain guidelines that would allow you to move out soon like moving for a job or a death in the family.So, technically, you're not supposed to rent out the house.

Wholesalers are notorious for not presenting accurate numbers, which is why they cant ever get a deal done.

are you factoring all of the other costs of operation i.E. vacancy, utility, Cap Ex, property management costs(I've heard that Rochester is notorious for poor performing property managers)Routine maintenance etc.... 

In this business, you need do right by the system or you'll face serious consequences, Would you rather be out investing making your path towars financial freedom or sitting in prison?