Many investors in similar positions begin by building a network and learning the basics, such as understanding financing options, which can often be more flexible and approachable than people expect, especially for those just starting out.One suggestion is to set clear financial and personal goals so that you know what you’re working toward with each investment.

I also suggest you be leery of following well intended guidance from those unfamiliar with the rules of your jurisdiction/state (and why I address statewide rent control ordinance but state I do not know if your jurisdiction has more extreme rules).  

If your property has a history of termite damage, you may be wondering whether an annual pest control service is worth the investment.

To be honest as a broker I'm not sure we can really suggest accepting these types of offers given the high risk potential.

Or suggestions on where to get some information on how they work?

I'd also suggest Ohio.

I am wondering if there is someone I can pay to physically go to the auction to bid on my behalf.Just FYI, I am aware of the risks of buying things in foreclosure.Can anyone recommend anyone like this in NJ? 

Since, it's a new property maintenance is quite low and wondering if relying on Equity and Appreciation of the house over long term is right way to go? 

Can anyone make a good suggestion for a lawyer who could help with this?

As much as investors tend to complain about realtors, I'd strongly suggest that YOU need one since you sound very new to the game.