It wasn't a deliberate act by you and therefore his insurance should cover it...minus the deductible.

I met with him after I got laid off at JPMorgan.

A mother-daughter dual agent duo deliberate withheld my reduced counter offer so that they could maintain a higher commission.

A dual agent, mother-daughter duo deliberately withheld my reduced offer to the seller so that they could get a higher commission off of the sell.

Think of State Farm, Uber, Liberty Mutual, JP Morgan, Toyota, and many others.Buying in the right place depends on a lot of things...for example how much money you have....Park Cities has generally had great returns, but might be a million to get in....not uncommon for people to tear down million homes, but not everyone can play in that game.One of our local billionaires Ross Perot, says if you want to make a billion in real estate, buy in the path of progress.   

Be deliberate.

Your head is in the right spot, so just be deliberate about what you do.

Just recently dealt with a similar situation (grandma is selling me her house) and ended up not doing owner-financing after much deliberation. 

If this is one of the firsts, deliberate before you lock this up in a contract.

Hi @Austin Jacobus, getting good at anything in life requires deliberate practice and repetition so congratulations on planning to get started investing at such an early age, you won’t regret it.