If, for example, the house is listed at $200,000, could we bid around $160,000 or would that just be knocked back straight away?

I knocked on the door and ringed the door bell, but no one answered.

But if this is your pursuit, simply saying willing to risk and learn quickly seems more like you are going down the school of hard knocks vs a well thought out plan.   

Many suggests cold calling, door knocking, and farming your base etc but after listening to numerous podcasts I'm hearing that door knocking and the "beggar" approach isn't necessary with proper marketing but that's where they left you hanging.

There's definitely some opportunity in buy-fix-flip, but you need to be prepared to know those repairs going into the deal and what propensity you may have to raise rents (I read quarterly and monthly reports on rent & vacancy rates by unit type in my area to stay attuned to this data; sometimes I literally knock doors for the data!).

@Motu LemafaCouple good reads 9 Reasons You Couldn't Find A Buyer For Your Wholesale Deal Don't Start Wholesaling Until You Read This: Wholesale Advice from a Fix and Flipper How to Start Wholesaling: Getting Past The Education and Into the FieldUltimate Guide to wholesalinghttps://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/Have a buddy who walks a targeted neighborhood door knocking on doors speaking to residents on behalf of the local politician.

Door knock on FSBO's house or cold call.

I hope you knock it out of the park as you get started with your license!

I was told by an investor that would like to help me grow but we would go under contract while I go out and cold knock and call and bring him deals.

He city drives by and will see a work truck and knock on the door. its just crazy to me how many homes I see remodeled without a permit and no one blinks an eye