We purchase houses off the MLS or at auction using a rehab loan from a private lender, get the work done (mostly outsourced, though my husband likes to do some of it himself), pay our contractors with rehab draws from the loan, then list it using on online MLS listing broker and use our attorney for the closing.

I've been looking at sites that auction bank owned & foreclosed homes.

I bought this house under my Llc in an Auction and I have been fixing it up my self.

It’s being put on auction.

If you want the fastest way to get the 10K each month would be through house flips (which auction, foreclosures, etc would require 100%) you could use a hard-money loan.   

Hey BP,Can you purchase a property directly from the owner after it goes to Tax Auction?

When I bought foreclosures, the bank wants at least their mortgage paid, else they sell at auction.

In fact she bought it at an auction 3 years ago and never got around to finishing the repairs!

Some wholesalers buy short sales and at auctions, then assign or resell. 

Lenders are so efficient it is on the auction block where buyers have to pay 5% hammer fee to the firm and bank to acquire a property at market price.