First Offer EVER!

I'm happy, this feels like a big step and it was a great learning experience. I put in my first offer ever on house #1 in my blog. Here are the financials:

Offer = $40,300 
ARV = $129,000 and this is for a low DOM (like 20). 
Rehab = $50k ($49,661.72) 
EMD = $3k 
I'm all in at: 70%ARV 
Calculated Profit: ~$36k 
Expected Profit: I'd be happy with $1k for the experience of my first flip.

My Realtor made me feel good about this offer. He said he "knows" the bank people so I hope that means he can influence them slightly. I have everything covered and I can't wait. I'll have my offer accepted/rejected/countered by next week. I'll post right when I get the answer. This is going great, I'm ready for anything!

Big thanks to my mentor for everything leading to this, although we still have a ways to go. If you guys think of how much I typically write, think about that x 3 and that's about how much I write to Will so, you know, it's been really nice that he's been answering everything, reading everything, and all that. It's a lot he's doing for me I don't think I'd be in this position without his help. Thanks Will!

Send me your Q's and I'll give you my A's of my experience so far if you want!

Manuel