looking into homes listed for auction

[Shane Brown]

Why do I not here more about people buying from auctions in order to get a property cheap to buy and hold, for fix and flip? 

I'm looking at some of the starting bid amounts and the numbers are very low, obviously they wont go for that amount but why does everyone not go for this properties? What kind of drawbacks are there for going for an auction house? How difficult is it to get financing for it?