My niece told me that most of the time it was fun and she enjoyed meeting new people and what not. 

Buy me a coffee and I'll tell you what NOT to do.Thanks

Perhaps the profit will come in the form of education about what not to do when lending money.

When you get a house under contract (typically the hardest part, which would mean that you found a house that would meet an investor's criteria and the numbers made sense) you have to find a buyer for it.So you'll first have to send your signed contract to your attorney/title company so that they can do all of their work checking the title and whatnot.

I'm wondering if there's anything I should be doing now in regards to the loan process and whatnot.

I read Dave Van Horn's book and its great about getting into the basics of what note investing is and where to do it and principle.

Having said that, its not quite as simple as the 1% rule,  Rules like this are good weed out for those of us that look through large numbers of deals at a time and need a fast way to determine what to spend time on and what not to.  

There are going be times you get smoked and you want to just cry but it just taught you a lesson of what not to do next time.....As @Bob Floss II and @Jeff Burdick mentioned I'll look to sell the property ASAP.Dont listen to these other people such wholesalers(who normally give incorrect ARVs) and have a really experienced realtor provide for you solid tight sold comps.

Anytime someone gets overly personal about their family or what not, that screams they have little money.So if you’re mailing to investors that’s gonna be a potential obstacle.

But I do want to keep the stability if my job until this can replace my income so as to fund marketing and whatnot.