Over priced, layout is awkward, junky neighbors, back on market/under contract multiple times, bad photos, bad timing(got buried from other listings, weather occurrence, etc). 

Just make sure you go through the contract they present.

Your background as an electrician and experience in general contracting and project management will be incredibly valuable in the real estate world.

To write off travel expenses incurred while looking for a property to invest in:Business License: Not needed.Deductible Expenses:Travel Costs: Yes, such as gas or airfare.Lodging: Yes.Meals: 50% deductible.Education Travel for Real Estate: Yes, 100% deductible.Important: All these expenses are deductible if you report rental income. 

Ability to write our own contracts

We listed strategically and were under contract in 2 weeks in the slowest part of the year (December) whereas all the other similar homes in the neighborhood have been sitting for months and still sitting on the market.

Are you qualified to do so right now - have the contracts, inspection criteria set, screening, payment collection in place? 

The listing agent and seller did not counter on price and went under contract at the offered price.

So how do I get out of the contract I signed?

Some interested buyers did go under contract but things fell through in the deals.