I did the same thing you are doing, just got married then bought a repo house. when you are buying a repo from the bank have paitence (which was very hard to have) they arent as motivated as sellers, but we had a guy we know who does it all on houses come and look it over checked out roof chimney, plumbing, and esp furnace and air cond. those things sometimes are neglegted when just abruptly shut off luckly he was able to get ours going and then the waiting started took a month just to hear if they accepted our offer, and another 2 just to get the keys, we did conventional which is much better than fha here idk if its nationwide but fha is terrible wont loan on a house that has a hole the size of ur fist in the drywall or any missing outlet covers etc. anyway i dont pay much a month got a 1800sqft house with a large 2 car garage, 2 full baths.(one of which is in my garage!! perfect when ur working on the jeep and nature calls) and best of all got a good deal the house went to a guy for 115000 3yrs ago i got it for 70000. so i should have decent equity after i did all the work to bring her back to good condition. funny thing is me and my wife are 22 and we own a house across the street from this 30yr old guy who still lives with his mother, kinda makes me feel good not gonna lie haha.