E. flipper.

Like you I am worried about getting a deal on the line and not being able to execute on it.

great point @Stephen E.

Just the method of execution, but as others have pointed out, you might be able to make it work the way you want if you can quickly get the loan out of the borrower's name and into your name.

I have an architecture degree but I don't really trade my time doing drawings for money.

I am tempted to buy cheaper property but am thinking I may be trading low purchase prices for more tenant headaches. 

That is, what are the numbers, how do they work, where does the profit come from, how is the money protected prior to executing the exit strategy, etc.Being "calculated" people (is that another way of saying, "adroit at protecting your comfort zone"?)

I think it's great to have a REI group that can not only execute but Bring new investors in as well. 1.

You can trade cap rate for appreciation, and vice versa.

That could be the best move, take your loss and buy a place on Maui ;-) just kidding....kind of.You could increase the revenue in hopes that it would help you sell the property for more than you paid for it...at least enough to break-even when you figure the costs to sell.Perhaps you could trade the property.