I guess I'm wondering if I have any recourse on the second action given the mistake ion the first

What was the worst property you all have come across and did a successful rehab?

Be careful not to make the common mistake of thinking that just because you find a good deal that investors will invest in it, lenders will make you a loan, and the seller will choose your offer.

And If I do, I know I made a mistake.

Problem is rents are up and their location is great so they stay anyway.3) Since the market has been so hot for so long many landlords I have run across have almost non-existent records and can get away with this4) Comps are harder because the structures and uses are so different not just block by block but within the same block and its not like most of that stuff is listed anywhere5) Because of the cost making a mistake in NYC on your first property or second property can be fatal (financially).All this is not to say the valuation principals are different they are not, more that I feel its just tougher to operate here. 

If you wouldn't jump in an airplane and ask via your smartphone how to fly, then please don't make the mistake of thinking investing is so easy that anyone can do it without a proper education.

The people on this site aren't cold or uncaring, we have just seen the worst that's out there.  

I did make the mistake being a new investor and working with a brand new realtor I put a bid on a property that was owner occupant only through Homepath with no intent on moving to NC.

I made a few grave mistakes as this was one of the first times I have used the BRRRR calculator.

It isn't the worst, but I am a little hesitant.