What kind of property did you buy?

or any experience buying homes at auction in Sac? 

If it had been my client buying this property, they would have paid a lot less even with the full commission factored in. 

Quote from @Sundone Boutvyseth: Looking to buy a single family home and use as a STR on Airbnb.

An opportunity to buy my second property has come.

I can say that with Phoenix, a multitude of opportunities can be in store for you if you invest in their market, network, or even just want to get familiar with it.What type of real estate are you into: fix & flips, buy & hold, multi-family, or something else?

I would suggest that you find a partner or mento who has done it before.Many of the investors that I work with in your position find that buying New Construction investment property from a builder is a better option. 

When I began investing in cabins in the Smokies, I made rule that I would only buy cabins on creeks or rivers where you can catch your dinner. 

I mostly buy and hold. 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.