The last thing they need is having a newbie wholesaler tie up their property, then walk away when they can’t flip it, leaving them no time to sell it to a real buyer. 

@Joshua ZdunichTake it slowly and be sure you are well planned before walking away from your W2.

It is still a great time to buy, just make sure to link up with an agent able to walk you through the process and give sound advice to get an offer accepted.    

You unload this property and avoid the inevitable added losses, or you can keep the property, thinking you have $1500 in it already and can't afford to walk away from it...and just add to it. 

Put in a new support wall outside, new roof, fixed walk around porch, new HVAC system, 2 new bathrooms done in the historic style in one and not in the other, new water line,  new floors, fixed wall that was fallen 6 inches from second story to foundation, replaced termite damaged foundation beams, paint and cosmetic stuff, all new plumbing, lots more.

@Deshawn Peterson normally, buyers want the address, want pictures of the inside, perhaps a video walk through of the property.

Do go to the property towards the end of the inspection and walk through with the inspector having them point out what they found, as ultimately you’ll need to decide for yourself how to proceed with those findings.

(happy to walk a property with anyone and give rehab insight)- Have a modest (around 50k) to invest in my first property.

It's quite a blessing at our age (we are both 22) to walk away with ~$40,000 (once we paid back a $50,000 down payment loan to my grandparents) pre-tax.

I was going for a walk at the time.