Sure, 212 bathrooms is an obvious mistake.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

Advice: what I learned from my research or my mistakes.

Because, historically, real estate investing has been very forgiving of mistakes, bad timing, economic turmoil, etc.  

First, you seem to be pleased with the service he has provided for your Sec 8 properties, so I see no reason to fire him.Second, you made a mistake, a person that can handle Sec 8 housing may not be qualified to handle higher end property.

Sometimes the best way to learn is by doing, you will make mistakes, just try to keep them small and carry to knowledge to the next deal, If you can, find a mentor to run your first deal or two by.  

Please point out any mistakes or numbers that seem unrealistic below. thank you.   

The meeting went extremely well (I made a bunch of mistakes, but you live & you learn).

Looking back, it would have been a MAJOR mistake to flip that property, not only because it did no help meet my goal but also from a pure monatarty evaluation it would not have been as good as holding it.Now back to the choices you presented.  1st option: 400k initial buy plus 110k rehab total cost $510k.  

I've made a couple of offers, but being conservative to give me 1st time flip elbow room for mistakes.