Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

and yes if the buyer wanted this property.. the second they got the counter and if it was acceptable they should have signed it.. then get it acknowledged and then they are in escrow... if they wanted out I am sure there was a due diligence period.. this is the type of mistake folks only make once its a learning curve however the buyers agent should have told the buyer they risk losing it by sitting on the contract to the very last second. this is why in hot markets you see sellers and buyers make offers with ONLY hours to repond.. offer comes in at 1pm and they require a response by 5pm.. giving days to respond is nice but it does set you up for what exactly happened

Have you selected a type of investment?

Looking at risk factors such as the type of tenants, evictions, vacancies, maintenance repairs, how they treat the place, etc. are all risks that aren't factored.Just adding some more color for those reading this.PS I own 4 houses in Indy and 2 in KC, so I'm speaking from experience.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

It's hard for me to 'network' because I'm not the gregarious type, but the opportunity IS there.

Just want to have some base knowledge so I can determine if I want to go the route of buying those types of properties or to stay away haha. 

It's the best social media connected CRM that I have found, if you are into that type of thing.Current property management app that I use is called RentecDirect.There are so many other apps that I can list, but, these are just a few that help my business work and make my life alot easier.

ARV on a property of this type would be about $330,000.

Chris Seagondollar I have no knowledge about the type of lending you are looking for but, I would love to connect with you.