After I run the numbers I see all that skeptism and hesitation. " I don't intent to live there so I can low ball"..The parties, maintenance etc all suggest you need someone to watch the rental before a fire, liquor, drug bust wreck one's investment. 

So long story short has anyone here ever gone back to W2 income to get the ball rolling on financing deals and then ditch the gig once its running smoothly.  

It's like having a crystal ball!

Of course hard money can be a different ball game compared to conventional but typically that should mean looser requirements on such matters.

What are the ball park costs for both.

@Mike Hoffmanfman Do not dive in the deep end when learning to swim.Also, save your bullets until you see the whites of their eyes.You said you are a Newbie - why tie yourself up with debt at the beginning of the race - like having a ball and chain strapped to your ankle.

My offer was "not even in the ball park". 

It's always talked about how lots of agents watch the game but never play ball.

So I guess my biggest suggestion is to know the value and find your price within that (Value when all fixed up - what it takes to get it there - profit margin) and start in that ball park.In my opinion anyone using asking price as a real value is guessing.Good luck in your business!

Unless one is into competitive mls few fsbo you receive low ball offers.