My advice is to pass on this one if:-You are not 100% comfortable of the numbers independent of his-You do not have an understanding of your agreement together and his obligations are spelled out-Your agent has more skin in the game other than commissionsYou can always pass on this accepted bid and re bid when the property comes back on to give you more time to gather information. 

"Risk taking generates growth by moving resources to enterprises which create future jobs and consumption opportunities.Without stable and transparent economic roles that allow and encourage a reasonable return for risk taking, growth will not occur, as even wrong entrepreneurs will refuse to take risk.Low interest rates do not encourage creative risk taking, but create just more highly leveraged investments in low risk instruments.

I am anxious to see how you have upped your game in wholesaling.

My parents were always able to make it to my sport games, and I would like to be able to do that for my future children as well.

It's blatantly obvious they aren't real players.3) rental game is long term money, usually using financing from banks.  

Personally, I find that people who have been in the game a long time are more than willing to share their war stories, which helps to avoid making the same mistakes.  

Now here's the situation my tenant owes from October I know I let it go on too far went to court she was given legal aid and I had to represent myself or pay out of pocket for the same results I won a judgement and I was nice enough to issue a stay of eviction for 7 days well this my first time representing myself so the legal aid on her side knew the game.

I'd recommend to have a game plan in regards to what type of properties you are looking for, what type of budget you have in mind and also what type of financing you will be using.PPS: We have a investor meetup in Anne Arundel County in case you are interested. 

If you have the house first, only you have skin in the game.

I think you would be better off finishing the basement and adding 2-3 more bedrooms plus a family room that can be used as a media room or game room.