Need Advice, Noob Here.

[Brian Collins]

Hello BP! 

Been browsing for about a month and this is my first post. I have located a good deal in my area, it is a REO. I had to wait the 16 days to be able to make an offer. My question is, in my area mls listing have a 95% offer acceptance at asking, how much could I come in lower?

This property is going to be a B.R.R.R.R. (my first) and would more than likely use all hard money. The property would be running a -$91 a month till the refinance and then would cash flow $293. For the hard money I estimated my interest rate to be around 14%, is this reasonable? 

Lots of questions here but appreciate the time for your responses.