Quote from @Jonathan Greene: Do you live near Scranton? 

Agree with @Jonathan Greene 100%.

Quote from @Jonathan Greene: You shouldn't be buying via auction as a new investor.

Quote from @Jonathan Greene: Quote from @Jay Hinrichs: Like you I think I made my first investment in a true syndication when I was in my early 60s. the sponsor is what matters.. asset OK  but if the sponsor is not top notch I dont care how good the project is..

Quote from @Cameron Green: It sounds like you're on the right track!

Quote from @Jonathan Greene: I would stay residential (4 units or less) to start unless you have management experience.

Follow someone like David Greene that peels back the curtain on the good, the bad, and the ugly.

It's way too hot for hiking in the summer, and ugly in the winter once all the green is gone.

Welcome to BP - you've definitely come to the right place - I'd recommend some of the books in the BP bookstore for next steps - particularly the BRRRR Method book by David Greene which is great and might be perfect for your situation

To add to what @Jonathan Greene wrote:1) Understanding the local market, so you know what Neighborhood Class your building is located in, what Class your Building is (condition & amenities), and what corresponding class of tenants will be attracted.2) Using all this data to properly set your expectations and a realistic ROI.3) How to better screen prospective tenants, including catching fraud, so your property performs better.