Here are some key details:Purchase Price: $172,000Rehab Costs: $100,000Financing and Holding Costs through Term: $48,000 (all in cost of roughly $320,000)Balloon Payment: $272,000ARV: $300,000 - $350,000; the variance is explained by some investors using below-grade finishes and also using "fire sale" tactics.The DOM in the market varies, with some properties selling in 60-90 days and others sitting for up to 180 days.

I don't think I will have an actual loss besides opportunity since the agent/agency is covering that.Two of my lessons learned are: (1) Ensure all sellers sign the contract!

Nope.....lesson learned. 

I learned the exact same lesson as you the hard way so I'm on the hunt for much better deals too.

Lessons learned?

A minimum of 51% of the entire building square footage is for residential use and the commercial use will not effect the health and safety of the occupants of the residential property. 

Lessons learned?

Lessons learned?

Lessons learned?

Lessons learned?