Sound like we should look to get interest for about 4x our budget to account for back-outs and inexperience.

Due to my inexperience with older buildings, I'm a bit stand-offish but I am assuming that may be the reason it has been listed for so long.

Not sure where you are but for a good project manager the pay seems a little light at least in my area, unless this is a low cost of living area I'd expect inexperience in this hire, although with current layoffs you may get lucky.

The newbie flipper investor who might make it or lose it all due to inexperience HML usually wants 12 to 14% and extra points.

Some will get scared off by it and that is often due to the inexperience or lack of knowledge/experience of the buyer.

Being in this market makes me a little nervous due to the high prices and my inexperience.

@Timothy Trewin Yea it seems a little too good to be true, I am actually going to pass on it just because of my inexperience with this type of operation, but was interested in hearing of other's experiences. 

No; Seller backed out due to my inexperience at negotiations.

I started on the retail side and moved into private capital and secondary markets as I grew in experience.

But that may just be due to my inexperience shopping for a rental.My condo in OC worked out great because of the appreciation, but it was not good for cash flow, and that's what I'm trying to work towards.