Should I or Should I not??

[Tabitha Rivera]

Hi, guys and gals, alike. I am new to this industry with learning still my number one agenda before taken most actions. I have seriously been interested in this for a while now and still trying to gain as much knowledge as I can before diving into something unaware. However, because there is always an exception, I have recently stumbled upon a really, really, and I use two reallys because its that good, deal. For the moderately experienced it would be a no brainer, and even for the beginner it would be a steal of a deal. I know it is a great opportunity but I still have reservations and would like help weighing the pros and cons so to speak.

I found a house that I have a 25% down payment for, I know the market it is in and I know that it will have a very low vacancy rate, and a very good cap rate, even if economy changed I would have the capital to back up all PITI. With that being said I have a student loan that could use that money and my credit score is not good at all. I feel like this house could help my credit in that I know that the numbers could work in my favor.

I just don't know if as a beginner I'm getting in over my head or not being cautious enough. The down payment would take out my safety net but I am working and could build it back up in no time even taking into account a lack of resident.

What to do what to do. Maybe I am trying to dive the deep end before knowing how to tread water. Maybe I need to do more homework and pay some more dues before I bite off more than I can chew. Mixing analogies! Help BiggerPockets??