I figured this too would be a good way to get in the game without jumping off the deep end to start out. 

Its about 32ft wide and 20ft deep. 

Imagine this: 5 years from now you'll be 5-20+ deals deep and you'll still be doing the same thing: writing multiple offers and being analytical before finding each and every deal that 'passes'.

It's excellent for the deep East side, and will help to fuel expansion out to Manor and near the airport.

@Eric Koelling - Not to get to deep here but regarding decisions like this - I'm a fan of Occams Razor"Occam's razor (or Ockham's razor) is a principle from philosophy.

I agree with this 100% if your a savvy investor with deep pockets I'd say play the interest only loan / short term debt game all day long (better cash flow).

Our agent has been great, however due to circumstances I wont go to deep into here, we will basically be giving our agent 1/2 of the end profit.

For a deep dive, I highly recommend What Every Investor Needs to Know about Cash Flow by Frank Gallinelli.Cap Ex won't necessarily be higher in C-D neighborhoods (roofs wear out at the same rate), but repairs and turnover costs will.

definitely want to know their criteria as @Nick Hedberg mentioned, depending on their investment strategy will determine how deep of a discount they are looking for and type of property, some investors actually buy at market rate betting on appreciation others want pennies on the dollar.

If you are very deep into it and closing is imminent, reasonable sellers will often go half or similar to prevent sinking the deal.