However, I hope you budgeted in losing the existing tenant, repairs, and vacancy because any major increase of rent = this reaction.

Getting involved with notes is a little tricky when you're first starting out... you don't want to get screwed over by diving in and trying to "learn from doing" but then losing money because you're not prepared and don't know how to execute, you don't want to get screwed over by paying $2k for a course that won't give you enough knowledge to be able to start on your own (and gives you info you could probably find for free online), and you don't want to get screwed over by partnering with (i.e. trusting) someone that you really don't know much about. 

I saw an ad for the site Mashvisor which claims in can analyze investment deals across the nation.

We inspected it on site this morning.Average rent is $550 like the lower one is renting for.

Because of interest rates you could end up losing money on the deal if you go over your renovation budget or if it takes longer than planned to renovate or sell it.

I doubt they will wait longer than 30 days so have you finances in order or you will lose your deposit.

However, when investing in new construction you will lose return at the expense of the profit the builder must take.

@Matt Jones As soon as they have that letter/prescription you lose your rights so someone else can be "comforted". 

Welcome to the site Adam.

Hello and welcome to this site Vinog!