A big part of tenants treating properties badly is because people didn't screen the tenants adequately, so don't make that mistake.

To reiterate above, the variable rate is not the issue, it's the attempt at new terms with punishment attached if not accepted.FWIW, if I recall correctly from 5 years ago, my loan officer casually mentioned that the loan will be "in-house" which I understood him to mean is not a federally backed loan and they are lending directly, but I didn't ask for clarification.Maybe my loan address was included by mistake for this mailing because of that categorization, but still, gahh.

If you don't, then it smells like a bait-and-switch scheme.If the previous ad was priced too low, you could contact the applicant and explain that it was a mistake and you are unable to honor it.

Don't step over a dollar to save a dime...seek legal counsel to handle the foreclosure as you're not yet versed in this process and one mistake or a wrongful foreclosure can get you sued. 

The biggest mistake I see unrepped buyers make though is just not being able to get their offer accepted to begin with because they don't even know where to begin.

Typically, getting into the 5-unit range can get overwhelming for people and take up too much of their time if they're focused on scaling.Real estate bookkeeping is very balance sheet heavy and that's where the mistakes are made if you're managing the books yourself.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

The younger you get started the more time you have to home runs, make mistakes, cash-flow, and hold appreciating RE. 

I understand everyone is a human, mistakes happen.

We started out years ago with color coordination for each house and even with an Excel spreadsheet keeping track of what colors went where, it was a nightmare and a big mistake.