Buying rental properties

[Taylor Hall]

I currently own two homes. One I live in and one I rent. I recently listened to the podcast with Ashley Hamilton and she spoke of buying houses in foreclosures or auctions for 3000 all in. My question is - how? I am in Florida and I’m

Confused at the auction or foreclosure processes. Don’t you take on the loan amount after you bid and win at an auction. I have a friend investing in properties that are foreclosed on in Ohio- and she has to put in a deposit- of 1500 then just closing costs and the house is hers. It seems a smart way to buy - having no mortgage and able to rent. But maybe I am just unsure how or where to find offers like that. 

Thank you !