I'm ok with an error rate if 10-20% - times when I would have made a different decision in a given situation - if it means you can move fast"- Reid Hoffman (the Oracle of Silicon Valley) to his chief of staffI think that's very similar to how a property manager should be looked at vs managing yourself.

The consequences of errors and mistakes can be extensive so I encourage you to create an education plan and complete it before syndicating your first deal.Hope this helps,Lynn Dee MurrowI

Their error has to have consequences sadly.

Hi @Jay Ganz,Couple possibilities.1) Lender error.

@Paul Timmins hey man thanks I just sent you Pm@Alex Day thanks man I can see where your coming from and I agree I do believe the money could be put towards future deals my only concern is the money wasted from the trail and error process needed to get my marketing right.

I am also a rookie who has only dealt with my primary residents in the past.

(Not so much the obvious big errors like market value of $200k when the house clearly is in the $100k range, those I would fight tooth and nail, but the smaller, off by $20k etc.)

I also bought into the Tax Lien Buyers Club at that seminar, but when I got home and looked at the sight (riddled with typing errors) and the negative RipOff reports, I called and canceled.

I'm a rookie investor looking to purchase a 9bed 3 bath (3 floor) unit in Lyons, IL.  

OR IS THIS A ROOKIE MISTAKE TO INVEST IN AN AREA THATS UNDER DEVELOPMENT?