Plus, it lets all these newer concepts & formula marinate in my head as I figure out some key items ... mainly thinking through on what kind of real estate investor I want to be, what kind of portfolio I wish to build, and can I analyse deals properly. 

With his budget, what kind of house he can get? 

@Steve Bogue Thank you, that's the kinds of functionality I hope to have. 

There are buyers for all kinds of properties, good areas, bad areas, for flips, for rentals, singles, multis.

(I say that just because he is a smart  agent  and that seems like the kind of thing he would do.)I registered with Redfin.

At the minimum, a lawyer should help the client create an automated (or partially automated) forms to deal with these kinds of mistakes. 

I would suggest short term investments are the kind to niche that will do well. 

The unit is in an appartment building, which is 6 floors and probably 6-8 units in each floor.After thinking about the fee, the way the agent was so quick about reducing the fee now kind of make sense. 

Otherwise these kinds of projects can be ghost towns that kill off all the tenants. 

Can you buy a foreclosure with that kind of financing?