Section 8  rates (and lower) will also give you a rough idea of what your market rent will be.Yours is an object lesson in the mistake of buying what you can afford up front rather than what is a good opportunity.People just starting out should only buy local, that they themselves can inspect and get a feel for.

Problem: Alignment - this is hands down the most common mistake that I see.

The restrictions, requirements and timelines on these are very specific and one mistake can be very costly. 

They aren't because 99% of the home buyers and sellers need an agent to avoid costly mistakes. 

Often times when a builder/buyer moves too fast, or is too busy and overlooks a key piece of due diligence, the unethical ones will try the "scorched earth" method and blame everyone but themselves, even when they know it was their own mistake, and they'll see if they can scare you, the seller, the title company et al into paying damages/fixing their problem. 

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

Can't allow mistakes here.I am told & believe that the "SubTo Community" is Videos and "group think" with NO "One on One" training,  meaning if you have a question, you can ask neophytes who give their opinion, but not based on experience.

This is a huge mistake as there are other terms and lender administration processes that will have a far greater impact on how much cash is truly needed to execute on any given project and that's the cash amount borrowers should be aware of.How are interest payments handled?

I realize another mistake of mine was being too aggressive with the lost price when it was first listed.

You can either go back to them and let them know that you made a mistake and will be raising it on 1/1 by $50, or, you should raise it in several months by $75.