I know the challenge is finding something that you can do well enough on to keep rolling, without taking on too much risk - however my concern would be if you have not taken an active role in managing a project of this scale - as your first go of it - you have a lot of uncertainty related to both the use of your time, and ensuring that your 70k point estimate is in the ball park.  

Hi Michinori,I assumed that I need to make my percentages a decimals to covert it into a percentage, I've fixed this now, I see now I've low balled the repair cost due to the fact I assume that the place was move in ready and would just need cleaning of sorts. 

How do I get that ball rolling?

I know that the BP podcast talks about making lots of offers, but I sometimes question why people make these crazy low ball offers.

I’m eager to get the ball rolling for myself in this business.

I would just ignore it. ya my initial reaction was BS  either someone flat out lying or they are teaching this at the tarek class's as a way to get your low balls seriously looked at. same thing as wholesalers who have a cash buyer partner when in fact they have no partner LOL.. its all just BS  

I haven't seen a lot of the guru/sales pitches here in Norfolk, but the Norfolk REI market is not in the same ball park as Jax. 

I would have your GC give a ball park estimate that you can show the seller and renegotiate the closing price, even if you are buying As IS.  

As somebody looking to invest very soon, I am meeting with a local real estate agent and lender to get the ball rolling.

@Chris Ball your explanation is almost spot on.