Typical REO discount?

[Micheal Waldrup]

I've been looking into REOs in my area. While there aren't very many, I've tried to think about what kinds of offers are generally accepted for REOs. Outside of (and most importantly) making sure that an offer I make is conservative, makes sense, and is profitable, I have no basis for what is typical. Anyone have any first-hand experience that may be helpful here? Everyone loves thumbrules, but even a few examples from experience would help me. Thanks everyone!