I put in an offer of $170 and they accepted. 9 apartments rented at $350 one is tiny and rented at $200.

The BiggerPockets guide was extremely helpful. 

I'm looking for a wonderful real estate attorney who knows the Denver CO area extremely well.

Meaning, for the more simple minded people, you could sit with your thumb up your butt for 121 months before you run out of the $8,000.If you can make more than 0.8% or $65.90 a month on your $8,000 over the course of 30 years, then I would say you would have made the right decision to skimp out on the bigger down payment.NOW.. my honest opinion, although i'm not a mogul like some of these people are, or pretend to be on this website..I would say keep the $8,000 and find a way to get extremely creative with it in order to make more than .8% a month to make it a good investment.

It is in a extremely rural area but near two major universities.

They are extremely knowledgeable and will do everything they can to legally protect your money

We could tell she was extremely stressed out, so we went to the property and helped her open the garage door.    

I'm a full time Petroleum Field Service Technician for a private company/contractor and via the recommendation of the book 'Rich Dad, Poor Dad' from a colleague, I've become extremely interested in investing.

The question I have for my fellow BiggerPockets members is this: where do you draw the line when negotiating down a price with an extremely motivated seller, if at all?

.$45,000 +closing costs, debt service (interest or whatever terms you have with lender,)  holding costs (taxes, utilities, insurance,)$5,000 seems extremely optimistic unless you're certain the only thing you're doing is painting and cleaning up some floors.With those numbers you're already creeping into the $55,000 range.