So we placed the bid, and now we are waiting to hear back from the bank (because it is a foreclosure).
And I just have to brag here because I found this house & showed it to Patrick. He did not think we would like it & therefore did not want to go look at it. I told him it wouldn't hurt to look at it, so we told our realtor we would like to see it. And it's the one house out of 14 that we decided we liked enough to put a bid on! :) I'm a little bit proud of that ;)
I will keep you updated on the progress!