- Regret: Help others not make the same mistake. - Pearl of Wisdom: Pass along your best concise advise!

Appraisal was done through the lender so maybe that was my first mistake.

This means there is plenty of buffer in case mistakes happen and it also means the person borrowing the money has significant skin in the game as well.

Don't make the mistake of buying cheap properties just because they look good on paper.

We were sitting in a midst of toys with both kids, now out of school for the foreseeable future, scrambling on our laps and pulling at our hair (they’re 4 and 2), wondering if we just made an insurmountable mistake.

Or just bite my tongue and learn from the mistake?

I made the mistake of running the initial numbers based off of downpayment of 57% from a 1031 exchange in which case it cash flows $735/month at full occupancy but even in this scenario 1st year coc return is 3.14% Clearly,  I do not want to overpay for this property and give up my hard won 1031 equity.

When I signed the mortgage in the back of my mind I was worried that I just made the biggest mistake ever.. turns out, it actually worked!

Good man...learn from my mistakes.

@Chris Schadl$191k for a 3/1 in a C class neighborhood in Minneapolis was your first mistake.