I figured this would be a good opp for a low bid win.

Most of the families (hardworking, middle class) that we showed the apartment to were people who simply couldn't afford Dover prices anymore. 

@Rachel Pivonka I agree with the last statement of @Bryan Wesley, we sometimes quote higher if we are really busy in case we need to hire other short term workers or contract it out to another company if we win the bid.Good luck.

@Kenneth Hayes  undoutably 250k with no collateral is simply massive credit card debt. tread carefully on htat one

Either they really need it and will not give back down payments because they can't afford to, or they realize they've found a sucker and can't wait to cash in on your ignorance.I'd say chalk it up to a win, as you learned more about doing proper due diligence before signing the dotted line, and overall this lesson was extremely cheap compared to the price that others have paid when breaking into real estate.Best of luck in the future!

I'm a new agent and am simply excited about where I am.

A great starting point would be simply to ask a RE agent. 

This creates a WIN-WIN Situation and gives the Realtor incentive, to work harder on your behalf.

I ultimately decided to stay closer to home until I get some wins under my belt. 

Simply make a correction on it, initial it, sign it.