I paid the obnoxious neighbor back by running my fence all the way to the street and cutting our conjoined driveways in two, leaving him with barely any room to open his car door, since he had been parking on my property the whole time he was harassing our tenants.The lesson is of course to just get a survey done. 

Like being a participant at a major event where important people in that kind of field would be at?

Since you are just graduating college you may already realize that it's not what you know, but who you know (as a personal note, I had college friends that were barely passing their classes however they ended up with really good paying jobs due to "who they knew").

I'd rather have a few really great cash flowing properties than a dozen that barely cashflow.

They're also great at selling you software, more training, and coaching/mentoring....that will for sure extract a good deal of money from the participants.   

After three years I sold it and barely made a profit.

Thought it would be nice to start participating in the forums and connecting wih others, so here we go!

You need to pass "material participation" test and personal use test, but that's for your future tax professional to explain.Yes, bonus depreciation is possible, but only on the current value of the personal property and land improvements.

Assuming less competition, I believe I could secure the property at a lower price by participating in the second mortgage auction.

So I'm guessing only buildings with less than 10 units can participate?