No negotiation help: A confident and experienced Realtor can help you get the best deal possible and put in a competitive offer below the asking price based on their comparative market analysis.

The reason is that you may. need to put in a lot of offers.

Hi Lucia, Since I posted this, someone else put in a bid on the property higher than I was willing to go.

This is 100x more true because you're a rookie.The value you bring might be in the form of capital, experience, access to deals, the ability to put in a lot of work, social media expertise, accounting expertise, marketing expertise, etc., etc., but you have to bring SOMETHING to the table--and you have be VERY clear about what that thing is, so potential partners see a reason to partner with you. 

That said, it's all a balance of how much money to put in, and letting it work for you.

Did you put in an item that you can decide each year to distribute or not distribute income?  

I put in over 100k with hold cost.

No this is the wrong attitude, it takes time and effort and yes, many people do not continue, but those that do and put in the time and effort the reward will be avaiable  

He wanted us to provide him with 2 hours grab stuff and put in totes and take stuff out.

Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too...but, the point is: a brand new house is not a foolproof solution to repairs/maintenance (and in some cases, a brand new house can be a much bigger gamble than an older house).This is a particularly important lesson for inexperienced investors, who tend to be the most prone to "shiny object syndrome" (the tendency to let nice aesthetics distract from real, underlying issues).