The Pro of buying turnkey- As the name suggests it's turnkey so not much for you to do accept collect your checks.  

My partner and I tried to put an offer on a property we saw but unfortunately it already had an accepted cash offer, with a backup cash offer. 

Regarding negotiating w/ the bank;  very rare nowadays for the banks to accept a price reduction but there's nothing to lose in asking

But just look at it this way....you are in a business where you are going to have to do a lot of marketing....so just accept the fact that you are also in turn going to be marketed to.  

The owner accepted and we moved on to the inspection.

I KNOW that this is a profession that can help me to become become financially independent, but I do not know where to turn and I don't have much money nor can I afford to just blow money in the wind from error, so if you have a cheaper route for me to turn to it will be HIGHLY accepted and appreciated!

Hi all,I'm new to real estate, i have an accepted offer and it's my first deal. 

You'll need to send a colleague request or accept a request.

Have a duplex property currently being marketed for rental, and management co is recommending accepting Section 8, but I have no experience with it.  

Being active and social in real estate is very important, you never know who might have the time to teach you a thing or two!