@Tim Ball I have rental properties and they are working out well.  

Unfortunately, my crystal ball can't tell me which one will happen...

It's a whole new ball of wax than conventional lending.

He has a great website, and is doing very well at flipping. the more knowledge you get the better, No power ball strategies (to steal a line from Jerry Puckett and the last podcast) in this business, just hard work made easier by solid learningAgain welcome and good luck

Too many investors get involved with lease option arrangements without understanding the requirements to get the ball acroos the goal in the red zone, in other words, you can fight your way down the field, but if you don't cross the finish line, the goal, it's all for nothing.

Glad to hear you are ready to get the ball rolling.

Even though the low-ball bid I was going to put in might have been the only one.What would you have done???

Make low ball offers.

But I sure would like to see you, as a new investor, finding that first deal back down the mountain in a nice mid- to lower-priced neighborhood of SFRs in the suburbs.I wouldn't give up on this deal - look for a way to score there, but don't take your eyes of the ball - continue your quest for more traditional types of deals where it will be easier to find eager buyers.

The flipper category doesn't really apply here, so that means you're either going to be a speculator or a landlord.My crystal ball is pretty rusty so I steer clear of speculative investments.You very well could be right and that area is going to appreciate massively in the next couple of years.