I just winning a bid and very regret. 

There's a BIG win in all of this for you...the tenant is gone.

Always plan for more than one way to win.

So the Janitor usually wins, defined as making more passive income than your expenses, because his expenses start off so low and stay low.Unfortunately, after you play it a while, you get to know what to look for, like when that one stock becomes available for, I forget, $3 or something ...

💯 —house hacking for the win.

These are all cash purchases with 10 percent down at the time you win the auction via cashier's check.

Win win.

Even if you are not cash flowing on day one, that's okay (in my opinion), you're not paying the full mortgage on your own, which in of itself is a huge win and you learn other tangible real estate investing skills along the way by simply owning. 

You have to play in order to win, but if you never get in the game in the first place that in and of itself equals failure.

If you're able to house hack where it makes logical sense, you have a great chance of financially winning long term.