Bank owned property question

[Dana Vijum]

I’ve been reading as many RE investing books as I can along with watching BP webinars as I am new to Real Estate investing.

I found a bank owned property 2 hrs away from where I live and I need to know how to proceed.

The property is a 2 bedroom 1 bath house, 1100 square feet for $129,000.

It’s been on the market 4 days and and an open house is scheduled by the realtor this Sunday.

My questions are:

1. Do I need to wait until Sunday to see the house or can I contact the realtor to see before then?

2. I will be running the numbers later today but for now I’m scared out of my mind on how to proceed.

3. When I look at the house and if I want to move forward, do I take a cashiers check with me as an earnest deposit?

My intentions are to buy and hold - possibly rent short term so we have a vacation house to go to. This little town is really popular year round so I don’t think short term rental will be a problem.

Even though I’ve probably read 15 books on real estate investing recently, I’m afraid to move forward without some advice from people who have done this before.