Lowball REO Offers to get deals, Anyone had success?

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How about low balling offers of REOs? anyone doing that successful?  

I got no gameplan and I am new... i want to find a way to focus my energy and time to get my first deal.   I thought this may be worthwhile because a realtor I talked to sounded very agitated/annoyed by all the low ball offers he sees from "wannabee investors" giving lowball offers... That made me think to myself, "I am a wannabee investor, maybe this could work for me?"

So lost...