May closing is a ways away, what type of property is it, is it a multi or true commercial? 

I believe it is true that FSBOs are the best way, I'll concentrate on that but will still keep an eye for any good ones that get listed.

Of course this was too good to be true and I was antsy to purchase my first property so I pulled the trigger. 

You are more likely to ruin any chance of true investing if you try to start with wholesaling since your reputation is everything and wholesaling incorrectly can quickly ruin your reputation with sellers, buyers, agents, attorneys etc.. and then that's about it for you.I know it sounds stupid but wholesaling is something that comes to you more than you trying to figure it out with no experience..

I guess the old saying it takes money to make money is true!

Seems too good to be true.

Do you have the property priced at true, researched, market value, or did you start at "Cost + Desired Profit = List Price?"

True @Michael Stonk.

I want to be in this business to assist with pure passion and honesty.

I was initially thinking to add a second bathroom on the second floor to make it a true master bedroom suite.