I am just getting the ball rolling on my investing career and would like to be successful with this first purchase.

Do you think there is any way for the bank to take a low ball offer and I could flip it for a good profit? 

We are just a young married couple looking to buy a home.I appreciate your insight on what we should consider saying when the time comes to play hard ball - and it is approaching quickly.

What are you looking for precisely, lawsuit protection?

The ball is already rolling!

And in addition, sellers know there is demand for MF so they jack up their selling price and i usually end up with a, what it seems to be, a low ball offer all the time.Thanks for sharing your thoughts. 

(Sort of like in the show "Good Bones") But people on this forum told me it should not cost that much on a 1000 sq house...So how much would you say approximately it cost to do a complete rehab if a house is a  dump (just like what they deal with in the "Good bones" show) But my house would be smaller than theirs, mine would be lets say 1000 sq feetI know it is hard to tell the exact number, but can you please give me a ball park?

Didn't have any idea we could get the ball rolling this fast. 

I know I dropped the ball on this Advice ?

That generally is enough to generate a ball park idea of value based on the NOI (net operating income) and whatever cap rate that type of property in that sub market is trading.