I'm very creative so I can find the positive for every negative and learn from the mistakes of others.

Right now my model is buy cash under 75k (keeps holding costs low), rehab estimates around 20k all in assuming worst case, in markets that handle 130k resale. 

I have sent some LOI's to sellers based on the drive by and a worst case scenario estimate for rehab.

For now :)  Banks tend to repeat past mistakes to allow end users to do the same

If it was a genuine mistake or if something is going on with her and she is honest she will tell you and try to work something out.

Learning from other people's mistakes is much less costly. 

Many people have made mistakes even in "passive" TK so if you don't have a cushion or can't sleep at night because all your money is tied up in one TK and you can't sleep every time something goes wrong  it may be problematic.While most people say being in NYC is tough to get started and they are right there is one thing that is good about NYC which is that the values are high.

I have been going through the podcasts in the site just trying to learn the most that I can before that first deal to prevent costly mistakes.

Thank you for sharing this information with me.I will lookup Tyrone the Flipman also.Yeah I realized a little while ago that if I am waiting to learn everything before I make a move I'll never move, and if I am scared to make mistakes or get bruised up them Real Estate is not me.

@Mark BeekmanI think I tagged you by mistake.