But as a fellow member, I encourage you to think about this.

Since you're looking for a multi-family I'd also encourage you to look with commercial brokers, and not just on the MLS.

While I can't be too detailed in this comment reply, as I don't know enough information about the home or the seller, I do encourage you to continue asking questions and make sure you will be able to sell this property for a profit.

The only other things that I would encourage you to think about, if you haven't already, is how you are going to manage and scale your operations.

Most often everyone goes once; then a larger percentage are their to receive more encouragement.

Any suggestions, ideas, or encouragement will greatly be appreciated.  

Appreciate the encouragement and advice!

Thank you everyone for your words of encouragement and advice.

Below, are three of the most popular niches that you might want to explore to see which one grabs your interest.https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)Additionally, in the interim, simply bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Continue to feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two wayexchanges and look forward to educational, thought provoking ideasrelevant to REI.

I would encourage you to listen to the podcast and read the blogs and ask questions in the forum to see what direction you wish to go in.