The biggest issue in the conveyance by quit claim deed. 

3. biggest mistake you made and wish you could avoid.Thanks for all the help everyone, im just out of college and committed and determined to get some wholesales done!

No major problems in doing it...the biggest hassle is just having good property management.

My inspector, handyman, and even one of my prospective tenants (a pilot who used to be a contractor) is advising that I pass on this house...this would definitely be our biggest repair job yet and the foundation issues scare me, BUT the numbers appear to work, so I'm wavering.  

I haven't been a property manger/landlord for years now, but I have one thing to say:My biggest point of advice in managing what you own is not letting the tenants know you own the property.  

My biggest concern is that it is condemned but I am assuming there's an investor out there who could demo the house if the numbers look right. 

Real estate is totally different and if its the biggest bank then they don't hold the paper your best off starting to look small bank and or credit union.

I would recommend Brandon Turner's book "Investing in Real Estate With No and Low Money Down" Your biggest tasks right now need to be to learn as much as you can through research, reading, networking, bigger pockets, etc  and getting your personal finances in line in order to be able to start saving for a down payment.

@Kevin Lefeuvre - I would argue that one of the biggest misconceptions about Short Term Rentals is that they need to be in some super hot vacation destination.

That's the biggest hurdle I'm experiencing in my planning for my future cash flow properties.