Other mistake: In the beginning the "host" tells the guests that if they don't survive the $10,000 due them for staying the night will be paid to their heirs. A short time later he says that the entire $50,000 pot will be split among the guests who are still alive at the end of the night.
Plot hole: Even if Dr. David Trent's and Annabelle Loren's elaborate plan had worked flawlessly (framing Nora Manning for Frederick Loren's death), the fact remains that they faked Annabelle's death for everyone to see, which would immediately arouse suspicions for investigators. Even if Annabelle and Dr. Trent somehow fled the scene before the police arrived the next morning, their actions would still raise many questions that implicated them; thus, their clumsy and convoluted scheme was far from being the "perfect crime" they imagined.
Plot hole: When Mr. Loren introduces his wife to everyone, he tells her, "You know Watson Pritchard of course." That can't be because at the beginning of the movie the characters are asking if any of them know Frederick Loren. No one personally knows him including Watson Pritchard. He says, "I don't know him, all the details about renting the house were done by mail." If that's the case, it's impossible for Annabelle to know Pritchard since Frederick invited all the guests without his wife's approval. (00:34:05)
Other mistake: Once Dr. Trent enters the bedroom where Mrs. Loren is lying down "dead", they begin talking. Trent says "At first I couldn't get Nora to protect herself with a gun." There is no scene in the movie where he tries to convince her to use the gun, Lance is responsible for that. (01:02:25)
Suggested correction: After Annabelle Loren is found hanging under suspicious circumstances, both Lance Schroeder and David Trent advise all the other guests to stay in their rooms with their guns and shoot any intruders.
Just before he leaves for the meeting, Lance tells Nora, "If you have to, you use it." Nora was not at the meeting to hear what was said, so ultimately, it was Lance who got Nora to protect herself with the gun.
There's an important mistake in your version of Dr. Trent's quote. What Trent actually says is, "At first I couldn't get Nora to want to protect herself with a gun." He's not saying that he personally advised her to protect herself; he's saying that he, through his various scary tricks, had failed to scare Nora into arming herself. Trent's immediate next lines are: "But after you appeared at the window, everything began to work just as we planned. You were wonderful, just the touch that finally drove her into complete hysteria." We know that David Trent and Annabelle Loren were behind a number of staged scares (such as the witch in the basement, the attack on Lance, Annabelle's hanging, etc) intended to push Nora toward hysteria, setting her up, of course, to kill Mr. Loren "by accident," thereby committing the perfect crime.
Visible crew/equipment: When the severed head in Nora's suitcase has vanished, she shouts for everyone to get out and leave her alone. In the hallway when they disperse, as Loren and then Trent walk past Lance, something that shouldn't be there (it looks like fingers perhaps) pops up into view at the bottom, left corner of the screen. This is clearer in the colorized version of the film. (00:49:00)
Visible crew/equipment: After the caretakers have gone before midnight, Annabelle tells Frederick that he should get some cars for the guests, and just as she says, "Let them go home, but pay them first," the shadow of the boom mic can be seen moving above the doorway, at the top of the screen. This is more noticeable in the colorized version of the film. (00:37:05)
Factual error: At the very beginning, while Frederick is telling us about the party, he says, "There will be food and drink and ghosts etc..." Throughout the movie, there isn't a single morsel of food ever seen or offered.
Suggested correction: Around thirteen minutes into the film, when Frederick starts to pour drinks for his guests, you can see a table with food on it behind them. Appears to be sort-of of a small, buffet style selection of hors d'oeuvres, albeit it's out of focus in the background. (It's very easy to miss.)