You can sell the property and hopefully break even, chalk this up as an educational experience, and try again.Next time, look for property with more wiggle room.

Welcome to the forum!

Then I line up about 10-20 applicants to see the property during a 2 hour time window on a Saturday or Sunday.

Definitely some good tips in there! 

I'm in several co-living groups, and the rent by the room model is getting more popular.

It DOES NOT require a full gut rehab (rehab could consist of new kitchen, new bath(s), windows, flooring, paint, etc.

Quote from @Jonathan Greene: Where is the rest of the discussion? 

For me, I had no goals but found that two of the deals that I did, the seller looked me up on FB and said that they felt good about me pretty much because they got to know me through videos / posts that I made and I suppose that it built trust with them. 

Sure if you dont have your own 3-5% down payment then yes use DPA if you really want to buy.After going over the pros and cons typically our FTHB'ers or first time home buyers end up getting a gift or bring in their own 1-2% down + 1-3% gift and end up with 3-5% down payment and borrow at regular FHA/conventional rates (avoid the DPA program rates).This is actual experience.

I'd recommend targeting the agents that have done most of the sales in the locations you are interested in, they will know the good areas vs bad areas.