Auction.com 100% deals

[Drew Brock]

I am looking into a potential foreclosure property.  I looks like a great deal as long as the bidding does get to much higher than the starting bid.  I haven't heard anything too bad with Auction.com, mostly positive. My issue is the 100% of funds due after the auction is over.  Opening bid will be 50k, currently have about 12k of my own money available.  Before going to family asking for the rest, are there any other options I should be exploring?  This would be my first deal btw.

Some specifics on the property.  3BR 1.5Bath. Build in 1981 looks to be in great shape.  Last sold in 1999 for 81k.  Would bring at least $800 per month in rent. Looks to be vacant as well.