The house was a classic grandma home so either a cosmetics job needed for a rental or a full gut for a flip.

Though you are looking at a spec home so already built and I'd be surprised if the builder is offering you a 30 year amortized loan at 5.99%. 

The previous owner paid to tear out the old walls, dealt with the mess and had a dumpster remove it so again, if you are doing more than paint and flooring, a property that has been gutted makes your job easier (and saves you money). 

Asking us what we would offer.

It seems like you have a reasonable down payment available so offer them a reasonable interest rate. 

If your upgrading to a new property (larger home), job transfer or a extenuating circumstance of a life change, lenders will underwrite the loan as a primary in a make sense scenario. 

I received an offer can someone please help me. 

Great job Jacob!

I will also have a FT job, at least until I can replace my income....We would need to raise some capital / find partners because we couldn't afford a down payment of the size we are thinking by ourselves.Looking to network in Maryland!

After house hacking it and having live-in renters for several years, I really got a taste of what real estate investing can offer.