Here are the top 5 mistakes I see by new renovators, but would love to get more added to the list as we go:1.

One mistake I’ve made in the past is relying too heavily on numbers provided by various real estate websites, so I’m curious how you’re verifying the property’s financials.Looking forward to hearing back!

Quote from @Jeremy VanDolder: First, I think you made a mistake by sending a cleaner once a month.

Now for my out-of-pocket expenses:Down payment: $7500 (Hard money loan 90% purchase price 100% rehab)Closing costs: $6500Inspection: $400Agent's commission: $5200 (didn't raise purchase price of house with seller concessions, so that money didn't apply to the commission sadly. won't make this mistake again)Holding costs: $1300 (one interest-only payment of $770, roughly $200 in utilities and $360 in insurance)Total: roughly 21 grand. 

Need to try though.For the future, to not repeat your mistake, read this post:https://www.biggerpockets.com/forums/51/topics/1167632-expla...

I am making mistakes today :( 

So in a significant recession, merely being active or passive is not actually a way to avoid losses.Finally, there are a lot of active investors who lose their money even *outside* of a recession because they make too many newbie mistakes.

Your mistakes, and the reason why you don't understand why there is a conflict, is because you don't understand the meaning behind these analysis tools. 

The reason the property hasn’t sold is because the wholesaler made a mistake in valuation - hey, IT HAPPENS.Look, I don’t want to be totally discouraging.

I know I am going to make mistakes and wrong assumptions, but I hope to lean as much as I can so I don't make them anymore!