At some point, you're going to take the next offer that comes across the table no matter how many thousands of dollars in credit the buyer wants in closing cost assistance.Building wealth takes time.

Some few bad apples just ruin the whole bunch..I know this is your first deal, but you should not be discouraged...its kind of good it happened now rather than later so that you learn a few lessons early in your investment career.

They have thousands of ants marching to try to find the good stuff.I understand about people playing around.

@Kevin TolentinoWelcome to BiggerPockets, a place to interact with a vibrant REI group, learn the real estate business and language.It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community aboutyour seriousness regarding REI and have taken this bold step to affirm it.Your time on this site with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.REI books suggested by BPershttp://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

If they decide it needs a new sidewalk, you have to fork out the thousands needed for a new one.

They claimed that it was out of the goodness of their hearts but really it was after the city had filed liens and court actions forcing the property owner to pay tens of thousands of dollars on the property. 

I thought from what I had been listening to and reading I should be okay, but I get the feeling I'm missing a lot when the first listing I see appears to be a deal if I could get it for a few thousand below asking (based on some assumptions).Can you please tell me what I'm missing and/or should be looking for with the below "deal".12500 E 34th Ter S,Independence, MO 64055http://www.zillow.com/homes/for_sale/Independence-...List Price: $39,900ARV: $80,000Max Allowable Offer: $36,000 (70% ARV $56,000 minus repair cost $20,000)Total in the deal: $60,000 (MAO + repairs + transactional costs $4,000) Profit: $20,000Now that I do the numbers I can see that if it does actually require 20k repairs (mine above was a guess, tough to do a repair estimate from Australia) for a potential profit of 20K there's not that much in it.All thoughts and opinions are very welcome.

That much is obvious, I know.There are hundreds of plans to choose from, unlike an employer who will only provided a few choices.Depending on circumstances, the plan you get may cost anywhere from a few hundred, to a thousand per month.

To get umbrella liability you need to have high auto liability coverage which could cost an extra couple thousand depending on who is driving.

"Raw Land"I've done thousands of these types of deals and I think I can help.Sell it before you buy it.