Make sure expenses, rent, taxes and any other facts/number that you will need before making a decision are correct.

You found a good site to help you learn and possibly make good contacts with people that can help you make decisions.  

I do believe the real estate market is much more stable than the stock market however.The advantages of course for getting a loan, as you mentioned, is leverage and you can minimize your risk through the research you do before making a purchase decision.  

Worst decision of my life. 

I notice it's not uncommon for a stupid post to get votes, even if the content of the post is entirely incorrect.

You canAlso, I'd be happy to point you in the right direction for things to think about and consider as you make a decision regarding your next steps.Please check out my profile and reach out if you think I might be able to help you.

It is inevitably their decision as they are the ones who answer for your actions.

My wife and I are making some personal decisions about her job and I work from so there will ultimately be some personal points at play here. 

The attorney review period gives you (and the seller) a chance to “sleep” on your decision.

I know the crime rate is high (maybe very high) and those are not what can be considered a "good neighborhoods" but how is that should impact my decision?