Needless to say I did not want to insult the owner, and let them know I wasn't able to make an offer.Fast forward a few weeks and I get a call stating that another flipper was offering them a low number, and continuously calling.

I have never owned a Real Estate.Can I start my carrier as an investor & start making RE deals and do not use my first time home buyer opportunity i.e low interst rate for later ?

I would be getting this house for 35% of low conservative comps.

Low taxes, and affordable units.

Heres what i did, and i could have took the long way and i havent had any deals yet but ill break down my trial and error and the method i feel will work best for me.first, i searched zillow for homes that are selling for low cost, found the owners and mailed yellow letters of course-the problem with this is, a lot of these homes still have loans on them and probably bank owned already, the owner still lives there, theres already a realtor on the job, just way too many obstacles, i dont expect to get any calls from those letters but you have to start somewhere.next, i started searching on auction sites for homes that did not go up for auction yet or the auction expired-again, the problem with this is the homes are 9/10 bank owned. while some of them are foreclosures theres still extra loops to jump through.I considered buying lists of vacant homes and stuff but i am the most frugal person you will ever meet lol, its not that i cant afford to buy a list, its just that i know theres a different way and plus whoever made those list had to have someone else generating that list for them.

That was the safest low risk way for me to feel my way through a flip.  

Rentometer is telling me I'm on the low end of the bell curve but I don't know how much to trust that web site.

It's a little strange but these days commercial financing can sometimes be more cost effective than what an owner would do unless they're willing to accept a really low interest rate.The situation I see a lot recently is a retiring baby boomer with plenty of equity.

Yes, the lots are much more expensive in Cape Coral, although, you can sell your end product for a lot more.

Kevin Manz ,I bought a book, here on bp, called The Book on Investing in Real Estate with No or Low Money Down.