I made my first offer today!! REO property been sitting vacant for almost 2 yrs. It's FMV is between $45-$55K. Last sold in 2005 for $71K. List price is $15K and I offered $11,500. Everyone cross their fingers for me. I figure it needs $5-$7K in repairs. I plan on renting out for $375-$450 per month. Will also sell for quick profit if situation presents itsself. They said we should know by Monday eve. I don't know if I will be able to sleep till then. I will let you all know what happens.