Newbie looking at first Auction purchase

[Ali Parnell]

Hi!

I’m new to real estate investing. I’m looking at a townhome in my area that’s on auction for a starting bid of $37k with estimated resale of around $200k

I would plan on using it as a rental and it could probably rent for about $1000-1100.

Is there anything special I should know about auction purchases? Are there hidden headaches?

This seems like a good opportunity.

Thoughts?! Thank you!