There are many many errors that can be learned from and avoided on BP so read and listen to all the podcasts.For the Buy and Hold Investor:   Buy for cash flow NOT Appreciation!  

If breaking even on the front end is critical, these estimates don't leave much room for error. 

The link gives an error to Yahoo's page 

Hey guys, so here is my situation. Here in San Antonio i  purchased a flip as a bank owned foreclosure. I am using a general contractor because this only my 2nd flip and i'm not comfortable taking on the full project ...

Any useful advice or tips for a rookie investor?!

Jonathan,Feel free to reach out to me if you have issues like this as it is usually human error and I can always get things on track.  

Hello All!I am ready to start getting serious. BUT I have tons of questions and I don't want to put my family in financial jeopardy.So I have some random questions hopefully I can get some answered:1. I was originally...

.), but yes FHA mortgage insurance does come off after a decade if you do FHA 90% LTV.FHA mortgage insurance is still not PMI (even LOs make this error/typo, don't feel bad), however, so dropping it before that 11th year would require a refinance to future/current prevailing market rates (which may have returned to historical norms in the 6.5%-7.5% range), no matter where an appraisal comes in during year 5 or 8.

I am a rookie all the way but a driven young person who won't easily scare.Thanks for taking the time, can't wait to interact with you guys and learn from you all.

Simply based on what you have written, you have made, at least, three big errors: a) Handing over your EMD to anyone other than the Broker who oversees the license of the Buyer's agent you are working with, b) Not knowing what's in your contract, and c) walking away without honoring the contract.