My apologies for being one of the ones who is perpetuating mis-information! 

These kids have been stereotypically terrible tenants in general.

Perpetual $20/hr is $175,200 per year.

Then the letter its self was written on a small yellow lined note pad.And its well done the message was a little stereo type ( but I have been around this 35 years so all the pitch's look the same to me)  Had the buyers personal name not a corp or LLC.. explained they need to buy FAST , going to pay CASH, and 30 day close all the buzz words.

Highly leveraged FHA loans, as in anything 90% LTV and higher, make it mandatory for the borrower to pay a premium in perpetuity until the loan is paid off.

Regardless of how popular tats are nowadays & how many people have them, there are plenty of other folks out there who will stereotype you instantly as bad news. 

No I agree the stereo types are dangerous, but when we are investing our future we have to go with the rules not the exceptions.  

What kind of perpetuity are you looking for.

They will either be in the perpetual training mode their coach will keep them in through constant up-sales or they will become disillusioned when they realize that their hard earned money did not perform the "You are now a Real Estate investor" magic they were promised.

I did not write about either type of sale above.What I did focus on is what @Craig Garrow would gain or lose by contacting the auctioneer earlier rather than later, networking, stereotyping auction location in relation to turnout, due diligence, and how the number of properties he should take into consideration for bidding is only important to himself.Yes, I used examples from areas I am familiar with (a tax deed state), but referenced checking locally in NY for the requirements he would need to participate in the auction.