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. 

No free lunch in this market!

Feel free to share any specific questions or scenarios you’re working on—I’m sure the community here would be happy to provide insights.

Simple does NOT mean "easy" or pain free. 

From my experience working with over 400 investors, I’d recommend starting with house hacking—ideally a fourplex if you find a good deal, but a duplex works too.

Does anyone have experience doing this, and know how to go about it?

He only pays $325/month.For people interested in the numbers:Purchase Price: $250,000Rents when fully occupied are $5,500/month (most units rent for $175/week) My monthly expenses are roughly $2000/month (working on lowering this buy buying the Water softener isnt of rent, switching the internet/cable company, and adding insulation in roof to lower my utility bills)The best way to get started is to just get started, I dont have all the answers but it seemed like a good deal and a great learning experience! 

Not realizing I was only getting a few hundred a month from it and from a cash-on-cash perspective I'd have been better off buying TBills with the click of a button instead of all the hard work, stress, time, and planning I put into it. 

You have tax benefits through depreciation and you are gaining experience via property management.  

If your home is newer, requires little maintenance, and doesn't experience a vacancy for at least 12 months, your $300 cash flow can build up a tidy reserve to get you through.