Have a few Questions, thanks in advance

[Stephen Gracia Jr]

Good Evening,  

So, recently I've been doing personal research and I have some questions. So I go on Auction.com and I see houses available for $10,000-$35,000. Is there anything else I should look out for? I find it hard to believe houses are going for that price in decent condition where a monthly rent is usually $1200 for a 3br 1bath.  I would only pay property taxes as I'm fixing the property which is easily manageable. Im searching for advice because It seems too good to be true. I would like to preform a fix and flip to pay off all little debt and then I want to build a monthly revenue by buying houses and renting out in the future. Im ready to take my first step and I just want to be aware of previous experiences. Thanks in advance !