Right, but to get an ARV close to $130k, you'll probably need rent to be close to $1,300 unless you can sell it to a retail buyer, which could be a big risk on its own. 

How would you manage risk? 

As far as meetups go, you can find a lot of local events posted here on BiggerPockets: https://www.biggerpockets.com/forums/521-real-estate-events-...I also have a list of Chicago meetups that I can share with you as well.

As for your ques if to wait, well, it depends on the market, in some parts of the country prices are still going up, slower, but still going up, other parts the prices are coming down, you know that area, what is happening there? 

It also did not have a pool like your property so that would probably lower the desirability as well.

I'm happy to be a resource as well.

North port is a great growing market, and I would expect that you will do very well on your first property. 

If you ever see someone offering terms that are too good to be true, you might as well just post your SS# and banking information on IG.

Appreciate any feedback as well as similar stories that the community might be able to shareThanks and Happy New Years to all! 

@Dawn MurrayI recommend you seek your own attorney in this as well - typically in these situations there is very little to go around but whoever gets the first lawsuit and judgment wins.