Am ready to move into the buy and flip mode and would welcome the opportunity to get my feet wet plus would also have some skin in the game (so to speak). 

If not, or if the HW is not salvageable, I go for low-maintenance laminate and waterproof vinyl-type laminate or interlocks in wet areas. 

Hi, I am an 18 year old, actually still in high school, and planning to go to college. I know that I don't want to be stuck in a cubicle for 40 hour a week. I have had lots of exposure to the real estate investing com...

Just getting my feet wet!

Then you have 48 hours to return the contract paperwork with wet signatures, proof of funds and an operating agreement if you bid in the name of a corporation to the asset manager.  

I'm primarily looking here in Bakersfield for now at least for the first deal so I can get my feet wet and learn more from the process.

Once I get my feet wet, then I would like to venture in the BRRR method (Buy, Rehab, Rent, Refi) going forward.

First thing I look for is the BIG ticket items.How are the windows, roof furnace/AC siding, any signs of water damage if there is a basement is it wet does it have bowed walls, what is the general condition of the electrical system. 

I can't wait to get my feet wet in real estate.

Personally I would go to the family and show them market rent prices and make them realize they either have to let you raise the rent to 1/2 or more or they need to look wet the price to compensate for the lost rent.Figure she is going to live there another 5 years before death or being moved into a nursing home and try to estimate the cost of the lost rent and take it off the purchase price.