Howdy,I'm new here and have always been a long time reader, just never really had a means to posting since most here have great information.However, in much due to this form, I decided to take the plunge into real estate investing by purchasing my first REO property.

Also kudos for plunging into at such a young age, wish I had.For starters, I would strike Zillow and Trulia estimates from your analysis, and while you're at it, might as well strike tax assessor values as well.

did you take the plunge and get one?  

Kept having to plunge the toilet and then finally pump the septic.

I'd still be researching if I hadn't just made the plunge.  

They may get stabled while the time of recessions, but if the markets plunge, the R estate's go north in value soon.

I'm a 29 year old who has been interested in realty for years but never took the plunge into the vast world of it prior.

Highly recommend you visit before taking the plunge. 

I get that you can rehab with it but the buying is my question. highly risky.. the second yo take out all that credit your fico plunges and now when you want to refi you pay higher interest or cant qualify. 

Just like how we saw prices plunge in 2008 - 2010 and now it's going in the other direction, the same must happen at some point in the nearest future.