Its a long game though.. and in many instances if its just cash flow you want.. real estate is not always the best thing anyway you may be better plunking down 100 to 200k and buying some subway sandwich franchises make you far more cash flow than any rentals. 

People play all kinds of games- look at the merits of an offer. 

I'm totally reliant on the expertise available on the internet; Scott Meyers, Mark Helm, SSA, ISS, etc.

The seller accepted and now the waiting game begins.

I am of the opinion that this may be a good starter property for investment as it would allow someone to get their feet wet and see what the game is like.

That being said, it is ENTIRELY a numbers game, if you can make the numbers work and the deal is good enough it will cash flow.

Like any other business, this is a numbers game.

VC funding has slowed to a trickle, Many internet stocks are plumeting in value (Look at Linkedin, Yelp, FitBit, Twitter, Groupon, etc.) 

Also if your in the game your going to be actively talking to buyers and sellers you will get a feel for what a real buyer and seller look and sound like and what they expect. 

We've both owned and sold homes before, so we understand basics of buying and selling, but reading through a lot of this info on bigger pockets is a totally different ball game.