As I understand it, this clause permits the seller to accept my offer and put a 10 day block of time AFTER due diligence is completed, to potentially field other offers. 

If you go two blocks over it looks much worse, but it is investors like us that are taking these older properties and bring them back to life. i was looking at this complete gutjob - https://www.har.com/2720-truxillo-street-6/sale_59...It could be a decent investment, assuming i could get them to go about half the price they're asking.

On a side note: I'm a big fan of time blocking, productivity systems, and practice The ONE Thing methodology.My hubby is working towards getting his real estate license by end of year, and our plan was to work together as a husband-wife team in the short-term and long-term.Most of the advice I've received from my broker and other seasoned agents is that I need to consider going full-time, or I'm at risk of washing out or not reaching my income goals.

They listed for 265K but i will not be offering that....i plan on offering much less but hit a road block after talking to my conventional lender because of the repairs it does need.

The condo is something you can grow out of, and have that be your building block to RE investing.

Philly is also block to block so I would become familiar with the individual neighborhoods before making an investment.

I did something like that some years ago https://creativeloafing.com/content-177196-Talk-of-the-Town--Block-party-February-10-2001

Welcome to BP @Alejandro Olivares If you are talking Neighborhood within Baltimore City, that is tough because areas can change block to block.

Researching this property, I found that their are two properties on the block that are in the process of being rehabbed, but there are also 4-6 other properties that are either REO or in pre-foreclosure, some, right not door to one another.My thought is that these are all properties that I can acquire at a low cost, rehab, rent, and then refinance to return the capital.Is there something I am missing, or any reason I should be concerned that there are so many REOs and foreclosures on the same block? 

I try to keep mine within a couple of blocks of campus.