If you've got no other money you can make your own bandit signs with a super-fat black marker and pieces of cardboard.

I live in fat northeast philly not far from Franklin mills area 

Once I hit my target monthly rental income I'll snowball all the mortgages, get fat, and smoke more cigars.  

So I’ve been attending the sheriff sales, studying cases and read as much as I can in regards to foreclosures prior to making my first move on this type of auctions.

I’m locking in as many long term low interest loans as I can. In

That said, it functionally is not prudent as you are sort starting in the wrong place with a big fat elephant in the room.  

Shane that would be a big fat NO to managing.If the person is moving out of state maybe they are selling cheap and you can buy it or get it under contract and assign it to another buyer.Find another way to make money on it but not to manage it!

So for brokerages it's a lot of hand holding in the beginning and training which is why they take a fat 50% off your first 2 to 3 deals generally.If you show over time you are a performer with closing after closing the split can improve to 70/30, 80/20, 90/10.Heck there are even brokerages that charge a flat fee per transaction but your just  a number and forget about in depth guidance.Best thing you can do is usually find a top performer to emulate and attach onto to learn from.You could also just sit a subdivision and sell model homes.

In the meantime I'll continue to read and soak up what I can in my free time.

It can be done, but in this case it sounds like you are trying to get awfully fat for such limited skin in the game...