Some of the things I know I lack are construction knowledge, live hands on experience on a project, and proper financing techniques..Any advice on the right way to go about this or If anyone Is Interested In chattIng let me know!

If all pans out, it looks like you've got a very good deal on your hands (especially with the seller financing).

The choice is to to save myself some grief bending the thicker cable, $30 for the difference in price, and explaining a simple return to HD (when I shell out as much as I do with my local store every year), or cutting it close with an 8000-watt appliance in a basement.Going with the 6/2.

Industry folks can get their hands on discounted loans fairly easily, so your other option is to sell to a passive investor or someone unfamiliar with the industry.You mentioned before that the loan has a pre-payment penalty on it, but it isn't over the life of the loan.

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.

Wholesaling can be very rewarding but as you probably already know, it is very simple, but not very easy. 

Wholesaling can make the process quick and simple and the former owner walks away with less cash but also less hassle.

The books will give you some confidence but nothing will beat getting your hands dirty.

On the other hand, I’ve thoroughly diligences the house since I’ve lived it in 5 years.

On the other hand, A LOT depends on your purchase price and your level of efficiency in operations.