While they may not be mistakes, it will help you to understand the process--and this is a learning experience, right?

Our mistake, not making the effort to know & understand the vendor: he was an almost accidental landlord who had acquired this one building, then decided being a landlord was not for him.

Sorry congratulations.... auto correct mistake

So far there isn't anything I would have done differently, however, I am sure I will make mistakes along the way, but as long as I survive and learn from them, I will be successful.

Yes it was my mistake for not checking on it everyday.

Don't make the mistake of rehabbing a property near your home for the convenience factor if your local market is not desirable.

You don't need someone holding your hand to avoid mistakes if you learn the basics.

Sounds like this was a mistake turned into learning experience, then turned into small profit rather than loss.SInce I am a numbers guy, your purchase price of $110k and rehab of $26.5k puts you all-in at $136.5k which is a whopping 87% of sold price.Granted this was intended for a hold, but had it been a flip all along, and even with a quick in and out of 3 months, this would not be even close to a deal worth doing as your returns are well under what you could get passively withouyt any work or any risk.Point being to any rookies, always look at the numbers before pulling the trigger.

and that the Agent (PM) "shall not be liable for any error of judgement or for any mistake of fact of law . . .

That and the man I call my mentor, who started in real estate in 1909 and had a goldmine of knowledge to share but the agents didn't want to listen to his old stories, their mistake, and at a board luncheon when I announced that "Old Henry" had passed away they applauded, and I let them know the reason I'm up here and your down there is I listened to him and it made me rich in money and other ways, you didn't and that is why your sweating the next lease payment on your car.