In this case, I added two ceiling fans, change two light fixtures, upgraded the kitchen faucet, and changed out an old shower head.

Don’t give up, there is light at the end of the tunnel.

The home was a full rehab and I bought it with everything brand new.

This was a freshly renovated home, which usually don't make the best investments but the market was low at the time and with a basically brand new house, I went for it.

We should just get a brand new HVAC system instead. 

We are considering building a brand new triplex and would love a tool to do an analysis. 

That really does cast it in a much more negative light.

Purchase price: $100,000 Cash invested: $350,000We scrapped a 1895 single family home in a downtown neighborhood of Indianapolis, IN and built a brand new home.

What I mean by that is to go well beyond your course and read books, learn some sales skills, learn how attend some REI meetups and meet people, decide how you want to brand yourself and what your specialty will be, etc. 

@Parker Borofsky can shed more light on this.This is indeed a red-hot market and lately it's been common lately for sellers to ask buyers to waive appraisal contingencies, as properties are receiving multiple offers (sometimes more than 20) and getting bid up well over list price.