Question-auction.com related "occupied"

[Geremy Hebert]

So im searching auction.com and some basic logic tells me i want a residence thats immediately habitable. So i put in the filter "occupied", and up pops amazing deals within a beginners financial threshold. Then it hits me, why would a revenue producing property be put up for auction? Just very poor PM? Cost prohibitive repairs found? Seized assets? These smack of the old saying too good to be true...already rented, dirt cheap, decent location. What am i missing in my analysis that i should be wary off?

Thanks in advance.