They accepted our lower offer which gives us a pretty fat buffer.

@Tyler Ansell  Does it concern you investing in an area that is so saturated with apartment complexes?  

I will say that I and over 90% of my clients have exited the flip game entirely because the market for that has been over-saturated with investors the last year or two and there is very little money to be made now (for the amount of work flip projects are). 

Building passive income while learning the RE ropes and earning a fat paycheck as an EE is an awesome plan for financial success.    

I am planning to just have a very basic plan just incase we got hit by a bus...And a big fat bank account will help with your confidence.

They were going for as high as 500 but I think the market got saturated with them and now they are about 400.  

I am wanting to know when you see saturation or a slow move do you still invest in that area?

I’ve been looking in the energy corridor to the west, Spring near Exxon, and to the south in good school districts and near the Medical Center.My main concerns are buying where there is saturated supply (I’ve steered clear of Houston proper) and buying somewhere in which people generally buy homes that lacks a good renter pool.

I'm thinking I can later cash-out refinance into a loan (possibly a VA loan) to finance another deal and wrap the new mortgage so as to keep the installment payments in place and avoid hitting my retiring family member with a big fat tax bill. 

They get your emotions involved and keep conditioning you to agree with things they are saying so that when they say you need such and such product you will believe them and be more likely to buy.They're material may be really good but it over saturates you and if you haven't first mastered the stepping stones and the basics of whatever new chapter of real estate that you're exploring, my experiences are that the additional upsell material provides little value.I'm really weary of "gurus" who tell you all the benefits you'll get from their seminars and products.... only to tell you while your at their seminar that you need "more".