After the listing is under contract, I would still keep an eye on those listings.

Having said that, you should relax and search for more investment opportunities, and keep an eye on the one you tried to buy. 

If I like them it may open my eyes to potential angles I can keep an eye out for. 

I'm busy with flips for now, but always keeping my eye out for a good rental.

As we are about a year out of being ready for action, I am just starting to watch the neighborhoods and keep an eye on what things are realistically renting for on CL, and how high Multi Families are closing in this market.  

I recently spoke with a 203K loan officer here in Maryland, and they were very skeptical that the property I had previously eyed would have even qualify.

I like keeping everything local where I can keep an eye on it.

Background: I'm looking to buy my first multi-family rental property, a spacious two family home caught my eye in Rhode Island for about $180,000-$190,000, which should be able to get $3000 in rent a month, it needs a bit of work but is in a great location with upside.

I am new to real estate investing; I am eyeing a run-down property and was hoping someone here could recommend an investor-friendly contractor they have worked with?

Thank you for the advice because you just open my eyes to many opportunities.