These properties include different foreclosures and those that sell below their market value.

Are you doubling down on short-term rentals in tourist-heavy areas, pivoting to long-term rentals in growing suburban markets, diving into value-add multifamily properties, or exploring something completely different?

I had 2 or 3 called.Now again keep in mind I had zero interest in holding these as rentals and I ONLY bought homes that had significant equity for me.. mainly all pre foreclosures..

"Getting in" is easy; making money, managing the business, with the increased financial risk of commercial properties is a whole different game. 

There is many different ways, key is being consistent.

now, if you want to buy an STR as an investment, and you NEED the income to support it, that's totally different...

@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction? 

also, they can list the property in different platforms for a small fee!

I considered sound proofing the ceiling of the unit below but I’m reading articles saying that it can be very pricey and it won’t make a major difference.

Inherently the steps are the same as if you were purchasing with financing save potentially less closing costs and ability to close sooner (if needed).The terms of your offer (ie -contingencies, closing cost splits etc) will determine what is different.