The low cap rate markets with their rent growth present a yield on cost in the future, that is higher than the static cap rate that exists in a high cap rate market today where rents are and appreciation are more stagnant.I call this trying to think 4 dimensionally (how the asset perfoms ober time) as opposed to thinking 2 dimensionally, which is only focusing on the here and now.

These sellers are typically opposed to having a realtor on either side of the transaction, so I would recommend you do all your homework on the bakc end by looking the property up on the county website to search for liens (yes always do a lien search) when purchasing a property especially FSBO. 

@Eli Epstein, it depends on location, construction, exposure to weather events, etc. 

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

In my state the reason deposits are held in escrow accounts is so a neutral third party has the money in the event of a conflict like you are describing.Your first mistake was to get into a hurry: I could be completely wrong but it sounds like you made a hasty decision based on emotion and not on what may have been best for your situation.

Definitely easier to price high and lower the rate as opposed to pricing low and raising the rate. 2.

I’m looking to start working on my taxes for the year and to make the most of an eventful year. 

Are you wondering how much to set aside for taxes in the event of a sale? 

Or you can directly meet with them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings 6.

Go to networking events!