A realtor from the area told us that since the area was a retirement community 15 years ago before hurricane Katrina came through that unfortunately I should expect the worst in the situation due to death, land being in trusts, or successions.

im pretty sure your stuck with that for life. worst part about it is the monthly maintenance fees. pay them damn fees every month, no guarantee on availability ( they basically tell you when you can and cant stay). cant re rent it out either. more like a money pit then a investment. see people selling them for $1 on line (no joke) Ps.

I don’t invest in real estate but I’m trying to learn before I get into it.I know to learn I have to try them make mistakes and learn from them but I’m trying to learn as much as possible to avoid big mistakes etc and know my stuff. 

The reason I am posting this is because I want to know what mistakes most realtors make that causes them to be unsuccessful?

The mistake is on the selling agent who allow you to talk directly to the seller and not insisting with the seller that all contact with a buyer goes thur her.

@Jumaani Cooper Its great that you are asking these questions before going out there and making costly mistakes.

And Sunoco has the worst safety record of all pipeline operators who report data to PHMSA. https://www.middletowncoalition.org/blog and https://www.facebook.com/DelChescoUnited/ 

I'm currently in the process of writing out my a Partner Agreement for buy and holds and would love to learn from everyone's mistakes and best practices. 

I know I can make it work and I'm good with numbers and not letting emotions get me when looking at a place (though a good historic house does tug my heartstrings), but I'd be lying if I didn't admit that I'm nervous about still making a big mistake on my first house and all the "unknowns" of real estate that are only gained with experience.

The worst part here is that he wasn't using his arm to make sure it didn't fly off.