Think I outbid myself; thoughts on overpaying?

[Account Closed]

So I'm a newbie investor and I've been searching for SFHs to start my portfolio base. The market right now is a racket and extremely difficult to win bids or get deals (unless paying cash of course). What are your thoughts on offering a bit high to get a solid house with minor upgrades needed? This house is currently assessed at 82k, i offered asking at 106k with 2% concessions. It's a smaller but solid SFH (1000sqft) in Rochester, NY which could get 1200-1300/mo. Cashflowing 300-400/mo. So the numbers still make sense I think, but feel nervous that I outbid myself.

[Russell Brazil]

Everyone who gets an offer accepted thinks they overbid. Then everyone who bids too low gets frustrated they cant get a property. The lesson, most are unhappy no matter the outcome.