The mistakes feature most prominently as the pain of failure and not making money lingers on for a long time while the successes fade pretty quickly.As to deal analysis I would have to say that as real estate appraiser - MAI candidate (member Appraisal Institute Candidate member - the course work and experience of appraising lots of types of commercial and residential property over 10 years or so gave me a solid understanding or how to look at various properties by the numbers. 

Second, make it painfully clear how to present the offer to the seller & agent, your agent won't know unless you show them.Third, take the agent to lunch and explain the offer again.

Would love radical ideas for this agent to feel the pain personally that he caused his buyer 

When you sell it on terms, each payment you collect typically gets split between principal (which just lowers your note balance) and interest (which is the taxable part).I’m not an expert on the accounting side, but I do try to stay open to learning more about these things as they come up, especially as I dig deeper into different parts of the land business.One tool that helps is a simple amortization calculator like Bankrate, it shows how much of each payment is interest vs principal.Also, IRS Publication 537 is a solid starting point for understanding how installment sales get reported.If nothing else, keeping clean notes and setting up a system early makes tax season way less painful and eventually bringing in a CPA who “gets” land notes is well worth it.Here's various resources that could be useful to you...Books (For Foundational Knowledge) 1.

Keep in mind, if they have poor or no credit, there’s very little leverage beyond the eviction process itself.Even though you might feel like you’re getting a bargain—the seller probably factored in the hassle of removing the tenant.

I would probably leave a State that is landlord-unfriendly faster than one with State income tax, as the potential pain inflicted by the legal system would trouble me more than reasonable taxes.

For those actively rehabbing now: what’s your biggest pain point (contractors, materials, hold time, resale risk)?

Happy to share lessons learned along the way, good and painful (there has been plenty there too).Looking forward to connecting.Thanks,Jordan

It's tempting to look bigger faster, but buying something a little smaller can really help learn the ropes with less pain.

Looking back on the sketchy documentation for the initial repairs I feel was scammed. $780 to repair one window?