1) at $23k there isn't a lot of room to negotiate down especially since there are closing costs and the seller has to move, so I'm not surprised they won't go down. 2) from the description it sounds like it needs a lot of work and adding a closet (literally just some studs, drywall and a door) is not going to cost much if you do it while you are tearing up, replacing and fixing up everything else.Are you sure the issue isn't just that it's your first and you are getting nervous? 

Here is a brief description of each:A.

Nathan-  Here's a quick description. 

Have good feelings in your gut about what you pick as your geographic area. 

From your description my guess is, it is not.

It feels like you’re missing a step based on your description.

I would have to investigate the area to make sure it is zoned for what you want to build, make sure that there are no problems with soil and researching the geographic area to give you statistics on what you can expect to profit on your project.

Please be as descriptive as possible, I am new to this kind of real estate.Thanks in advance

With little cash at the ready, I'm assuming wholesaling will be what I do for a while.I have chosen a geographic area of focus that I am very familiar with.

You're looking at a brief description of my post college experience.