You can be ready to go , funds in place , and show up the day of the auction that property you are going for has been cancelled, regardless what the website says.Besides that, I noticed that properties are put on auction a few times so there is a chance to keep tabs on them, and Texas has monthly auctions which is great for gaining experience. 

There are some great on-line real estate courses, and I have found the information within them has really been helpful for my investment business.

If you can get your buddies in there, thats a bonus!

I have worked with a number of investors who have moves on properties in the Charlotte area.If there is any way I can help let me know and best of luck. 

Is there any strategy where this would make sense or is buying and holding typically always the best way to go?

And there is no reinvestment requirement. 

While their company may be covering rent, that only reduces one risk—there are still other factors to consider.

There's a Facebook Group called, "Bookkeepers for Real Estate Investors". 

Thanks There are a number of 3rd parties, such as American Home Shield, that will provide you with a home warranty. 

There are so many great local coffee shops in Indy to try, that is just a bonus.