One check for half your max bid, another check for one fourth of your max bid, another check for one eighth of your max bid, etc, with two checks for that final fraction.

Not only that, but it does so at the fraction of the cost of something grander like rehabbing or renting.

@Traver Freeman  YOu would not qualify for most current PPM type deals you must be accredited. but you can buy stock in a REIT.. or find a HML who brokers individual loans. or in CA. a broker that does fractionalized lending those you would qualify for .The big game changer in my mind will come when Crowd funding is open to all.

This is the path that I have favored, although I no longer accept investors to participate except in rare occasions.Some people who want to participate in notes buy whole loans from either hard money lenders or fractional interests in hard money loans.

I was there last summer its all built out. but only a fraction of what we had approved..And phase 5 of Wildwood got built out as well..

They think they can buy that diamond in the rough for a fraction of the cost (all they have) and with a little magic, flip the house and play up a few leagues. 

:-(There are already instances where ppl have worked 30+ years, expecting a nice pension, and then end up with some fraction of what they were promised.  

Not only was I able to contribute tens of thousands of dollars worth of items to charity, but I received massive tax benefits at a fraction of the cost. 

However, the properties make their way to the sale is FRACTION of the original lists.

Then take the left over cash and purchase another property for cash or a fractional cash flowing instrument that qualifies for 1031 treatment.