I really want to jump in on this deal if for nothing else to get a flip under my belt but don't want to make a stupid mistake. 

So I called the agency and said I thought it might be a mistake.  

Everyone makes mistakes, and I am looking to see what they do about them.  

I have made a major newbie mistake.

Make all the mistakes that all of us make our first year of buy and hold, learn from them and then move on to the next few deals.  

I made the mistake of assuming that the total offer price is what they went off of so the commission wouldn't matter as much.

You will have expense and make some mistakes no matter how much you learn.  

For example, if the seller is an individual taxpayer that is in a lower tax bracket and is well past the age of 50, then these options may not be something worth exploring but I mention them solely because, it seems that lately I have seen tax attorneys become extremely creative, within, of course, the letter of the law.Finally, I apologize for any type a graphical or grammatical mistakes as I am dictating this in my cell phone.because I'm not near my laptop 

Just the fact that you're here means you won't make the mistakes I did when I was looking for my first properties.I am a big fan of Gary Keller's books (HOLD and Millionaire Real Estate Investor are great reads), not to take away from any of the others mentioned already.

Also a great place to learn about other peoples mistakes and how to avoid them.