Now the problem with online bidding is similar to gambling slot machines; there is an algorithm that balances the win/lose ratio (or so we think). 

How will you deal with sharks trying to get at your hard earned money?

This is where the sharks come out and start buying, wholesalers better have great deals 

The ones that don't pay online will either put cash in the bank or drop a check in the slot for my onsite guy to deposit with the laundry coin and his rent.I'm going to look into apts.com and see if that may be a better solution.

this is NOT an easy business to start making money, understand values, make many offers that will give you an equity position NEVER offer full price unless you have some creative seller financing like "delayed settlement, cash back, hybrid offers, assignment and auction clauses"Watch out for the sharks out there that will tell you anything to sell you junk properties.

And there are a lot of sharks on here promoting their business to new investors.As @Joe Villeneuve said, the internet is full of information.

There are a few places you could obtain this information however the strongest websites will require a subscription (such as Property Shark which runs about $1K for the year).

It takes slot of ambition to learn a trade but you can do it.

That being said, I often advise my property owners to slot themselves in between bookings if they can be flexible on dates.

Also, how to avoid the sharks who are taking advantage of new investors.