Stay persistent and keep moving forward.And here’s something I’ve learned the hard way: When you're looking at deals, be thorough and cautious with your numbers and always plan for unexpected costs—it'll keep you on the safe side.

@CJ Berina I don't see any buildable land going for $500 it would be land in the middle of the desert, the only other people who would buy it would be other investors looking to flip it, I would be very cautious investing this way.

With those two items, I would tread cautiously.

@Terry LawsonBe very cautious about establishing a Solo 401(k) or any other type of employer sponsored retirement plan without speaking with your licensed tax advisor first. 

I would be cautious about allowing numerous lenders to run your credit until you settle on a specific Lender to assist you in the transaction.

Be cautious. 

terms make it a little more attractive, but we all saw 30%+ equity disappear overnight when the bubble burst in 2007, and that makes us cautious. 

Use leverage but use it cautiously.

MISTAKE #2 - Against my wife's cautious advice, I started work on all three rather than one at a time. 

We just want to do everything cautiously and correctly so we can move to number two lol