There will be a lot of going on after an election so I would factor that into your thought process.

Scheduling is knowing the building process and knowing who to schedule when to ensure there's no delays in work.

I'd love to chat with you more about the process.

I am wondering if anyone is El Paso is doing the same thing that could help guide me in this process since I am a complete rookie as an investor. 

Quote from @James Boreno: One of my SFH caught on fire and I'm in the process of selling it to a contractor.

There are attorneys who will help navigate the process for you and act as an orchestra conductor to keep things moving along.

) the education process has started with me regarding the commercial side of things !  

I have found that the "value add" opportunities, with rent increases, renovations, zoning conversions, and other work needed, absolutely do take up more of your time compared to a more turnkey property - even with third party management overseeing the process. 

My though process in undercutting the bank by 1 % was to possibly attract qualified buyers.

Stats are not in your favor but forget the stats as it all depends on the individual's drive, effort and processes.