We recently participated in a free workshop called the flipping formula but after doing some research discovered that we could find the same information and help on here and decided to go that route instead.

I can explain the mechanics.Regarding that price point, it would make sense to go with a 2nd lien vs a 1st as the firsts we bought last year for similar investors turn out to be such low valued houses that unless you rehab them, you will not make little to no money.

I also like @Adam Schneider's suggestion to go to events so you can meet folks and find someone whose style and strategy matches what you are looking for. 

We plan on listing it for sale in January 2017 again but he keeps stating his desire to purchase.

He will have to go out again at a cost to you.

People tend to go with names they recognize.

You are not alone, although that does not help, be grateful you do not have to go into bankruptcy as many investors do.

"Less desirable" properties are many times entered incorrectly by agents, and human error can work in your favor =)

Im only 21 and this is my very first investment deal and I'm not sure how to go about some things.

I'm rehabbing one of my units and trying to decide whether to go with hardwood or carpeting for living room floor.