Make no mistake about it, if you aren't ready for the **** it'll bring I recommend to do something else. 

We all learn from our mistakes. 

We'd never let one of our clients make a mistake purchase like this:)

That is the biggest mistake I see with many investors. 

That was and still is a huge mistake.

Those sites also have ghost bidders pushing up the price so you will see properties leave and come back the next week after not hitting the reserve or when a ghost bidder wins by mistake.

I think they calculated the transactions as gains by mistake?

Quote from @Scott Vaeth: A bird in the hand is worth two in the bush.I see so many new investors lose thousands (or tens of thousands) every year by making rookie mistakes with existing rentals.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

The last thing you want to do is to assume something, then make a mistake, then try to evict a resident in NY, then have the resident prove you broke the law.Please get an answer from someone who is qualified.