We fell in love with area and I still work in North VA so it makes sense.I've read and seen how competitive it is right in Richmond market so I'm a little bit worried about first starting out in a sellers market.

It was just luck that we fell into it & as each exec left we scored the odd Bose system/TV etc that they couldn't take back.

Well, the deal fell through, the buyer didn't buy.

I have been looking for a home to live in for me and my family in New York, but that's not working out for my budget, so we are expanding our search and fell upon Montague.  

So either they lived in it for 4 years while it was in FC or they were able to get it out of foreclosure and then fell back in again in 2016.

All of these may not be triggers for you and me but it may be triggers for other investors.The strategy you had in place is not working -triggerThere were additional costs that the previous owner did not reveal to you -triggerIf you got ripped off by people -triggerIf you partnered with someone and you do not get along or can't agree on nothing - triggerOne of the big employers in the area filed bankruptcy -triggerOne of the big employers in the area decides to move to another city or state -triggerhome owners association is similar to Hitler's gestapo -triggertenants association is unreasonable and troublesomeIf you see another deal that you like better -triggeryou feel the market is going to change -triggerIf the weather changes and suddenly you find that your area is not the same ie drought or flood or mud slide -trigger Insurance increases because of weather change -triggerfound out that the land is contaminated - triggeryou are tired of dealing with the property -triggertenants not paying rent -triggeryou took on more than you can handle -triggerproperty taxes went up -triggergangs in the neighborhood -triggerfamily issues change your priority and you simply cant handle it no more -triggeryour tax abatement has expired - triggertransportation has discontinued in the area -triggerlegislation to put in a new transportation station has been vetoed or approved -triggerthe team (ex contractors, project managers, etc) you tried to put together doesn't work out- triggerillegal activity found on the premises -triggertenants tell you place is haunted and you know someone died on property -triggerdemonic neighborsabundance of pests -triggersink hole formed - triggercess pool discovered -triggerwater contaminationpopulation changeschools accredation changesschools shut downtenants or their family starts shooting at each other or youwrong type of business sets up shop near your property, or they are too close or your comfort. ie gas station or drug dealer or prostitution or cemetery or factorywhatever does not float your boat -trigger

A lot of those ended up a bit shady, whether intentionally or not, and a large majority of those fell out along the way.

While looking for properties with the aid of Excalibur I experienced horrendous inspections twice (I won't even consider a property now that has prior pending sales that fell through) and also experienced MLS properties being scooped up right after listing, even beating out my full price offers.   

Closing my first wholesale deal after a couple deals fell through.

In addition, all the wood windows were so rotted that when you went to open them, they fell apart.