And it was the Pm companies mistake that caused this to happen.

Even a paid pro can make mistakes.

If anyone has any tips and tricks to help me avoid mistakes from your own experiences feel free to chime in.

Hey, glad I could help you out even though you made a little mistake there and got my house burned down by electrical fire.

Please don't make the mistake of jumping into investing with both feet only to find you just jumped into quicksand.

Yes it is a high loan amount and I made a mistake, but I am young and now I know I have learned from this and I will save myself later on.

It is the number 1 do not do it rule for investors.You are making a number of mistakes which you will defiantly learn if you go forward.

It is inevitable that you will make some mistakes along the way, just be educated enough and monitor your risk to minimize the impact of those mistakes.

Of course you'll be losing wealth by making this mistake as Bryan pointed out.

Plus, as most "seasoned" investors say - you can find good deal at any market. 3) @Nathan Murith once told me that, once you think about your 1st property as a learning tool (not as much as your wealth generating tool + you will still need more than one property in order to build wealth), It will be easier to make a mistake.