made an offer on first house

[Adam Jacobs]

hi there! I've been browsing the forums for quite some time and decided it was time to make a move.

i have made a cash offer on a bank owned sfh needing minimal work. tomorrow I will be sending proof of funds and my earnest money deposit to the realtor.

any advice on where to go from there if the offer is accepted? id like to try and avoid newbie mistakes if possible. ie underestimating closing costs or other costs on top of the purchase price.

also, I will be renting this house and am buying into over $30k of equity if the offer is accepted