After losing a few multiple offer situations it's tempting to get frustrated and end up with a property that may not fit your goals, stay disciplined. 

But be disciplined and apply your investment criteria strictly or you'll regret it.  

Emotionally I disappointed because I really liked the place, but as an investor I'm proud of myself for remaining disciplined.  

Self sacrifice and discipline is difficult, but well worth it in the end.

The best thing you can do is to become financially disciplined, pay off all your CC debt, get your house in order.

The discipline that the military teaches helps a lot.  

If it's your personality not to take risks, you lack self discipline, maturity to survive in business, might rethink going into real estate.

@Stephen Nicholson - excellent advice hereBe a disciplined investor by sticking to the numbers that make financial sense for your target level of profitability and always maintain walk away power in any deal.Sometimes these deals will comeback to you but chances are they won't as the seller has an unrealistic view of his asset's worth, is no hurry to sell and someone with less experience than you will come along and pay him over market price at some point.Rick

and only when you understand this should you map it to a strategy that is in line with your unique skills and motivations3) You will need discipline and an execution plan - being your own boss is great but you also need to figure out how to be your own best employee4) Define a plan and set interim milestones - being an entrepreneur can be a lonely profession and success is not a straight line so plan for getting yourself some small wins and maintain a long term perspective to help get you past short term challenges.5) Understand what constraints leaving full time employment will eliminate e.g. more time to focus on real estate, and what constraints it will introduce e.g. less income and ability to get credit6) Understand that you will need a team to succeed so make sure that the people in your life on whom you depend on for support are fully behind youHere is an article that I wrote that might be of additional help - https://www.biggerpockets.com/member-blogs/11782/88425-want-success-here-are-ten-things-you-must-give-upGood luck, going on your own has got enormous upside potential but it is not pain free.

All you need to do is to have complete understanding of three disciplines:1 - How Money Works2 - Market Analysis3 - What is, and how to design, a REI Business Plan...and stick to it.Miss any of the above and you will be mired in frustration.