I'm sure you've sold plenty of condos to these folks.What's left over, such as the courthouse auctions, usually goes to folks with established businesses - professional contractors and long-time investors with rehab crews in place that can turn your $25k flip into a $15k flip.All of those rule-of-thumb equations you read everywhere are regional. 

I don't need to hit a home run.I've heard that @JoeFairless talks about partnering with a PM company in his new book, but I haven't had the chance to read it yet.

Hi BP,I have been following the podcast for a while now, reading books, informing myself.

If I am reading correctly the value  of the home is 425K.

From what I have read above nothing about this sounds like a great deal, offer him what you think it is worth to you and instead of fretting about it keep looking for a great deal.

I read nearly 50 business and real estate investing books throughout high school.

I was reading an article written in earlier 2000s.

Maybe they are viable with higher-grade properties with larger margins.Also look too Twin Oaks Really.Fellow Investors when you are reading information on these forums make sure you verify the source of the information you are reading when you're digesting all of it. 

The best advice I can give is to read/listed to everything you can and don't be afraid to ask questions and network with anyone you can who can help you advance and meet your goals.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.