I dont want to deter you from moving forward but do it with both eyes wide open.

In short, what you give up is control ... the side effects of what that means run wide and deep ...

@Steven Hawkins - I'm sure you will get a wide variety of opinions on this, but my two cents is that you should buy as early as you can if the deal makes sense without the hope/plan of appreciation.  

Wordpress is the best because it is so widely used.My website is a super cheap godaddy setup with Wordpress on top.

Yes, we have a pretty wide range of home prices in my neighborhood, lowest is around $400k highest is close to 2 million on the water.

. - Not sure where you learned that, but the industry standard definitions also widely used by government agencies are actually a bit different.Delinquent - The period of time between when the owner misses a payment and the filing of the first foreclosure notice - Notice of Default, Notice of Sale or Lis Pendens depending on the state.Preforeclosure - The period of time between the first foreclosure notice being filed, and the actual foreclosure itself - essentially "before the sale". 

I'd suggest casting a wide net and doing your research.

And that's actually almost as good as Zillow's US-wide numbers.Anyway, fast forward: I have looked at and studied 2400 properties (well, my AI has, really), I have seen about 10 properties (all of which my models said where potential deals), and made offers on 4.

If you have 20% down payment, the options are wide open.  

Yes, but you need your eyes to be 'wide open'.