looks like they sell how to training on who to buy from auction websites.. not sure why anyone would pay for that.. its pretty cut and dry.you register at the auction sites.. you bid you win the bid you buy.we buy a lot of auction stuff your not going to fool these folks with fake POFS and you defiantly not going to assign contracts.. they are pretty rigid on keeping the no money wholesalers from participating in these auctions.there is not a lot of opportunity there.. there is so much competition for these assests you have to follow 50 to find one good deal.. too much money chasing too few deals and banks have their prices too high..best way to do this is to follow ones that don't sell .. sometimes banks will tire and all of a sudden lower the price a lot.not sure what your thought process here is.. but if you don't have the cash or have cash partners this is a total waste of time to pay anyone to tell you how to bid at auctions.. no major secrets here.

Once you buy a place like that the BLANK hits the fan and you vastly overpaid for your property and you deal with the money pit for a few years and go through 2-3 Property managers and get sick and tired of excuses and making the PM money, while you continue to take out of pocket.Then, you just want to get out and move on to greener pastures. 

@Brad Noe All good advice given so far, don't know if I can add but the "tired landlord" and "has "other properties" peeked my interest.

I got tired of seeing holes in the wall when tenants left.

We all are busy and tired.

My wife and I began watching it, but I was tired and fell asleep halfway through. 

At this point I'm just tired of throwing money away by renting and I'm thinking about putting a lower down payment and taking out an FHA loan for an MFR as long as I can find one in an area where the average rent will cover my mortgage and the PMI.

Mine (for retail buyers only) states that the buyer agrees that in exchange for my professional services, they will buy their home through me - though there is no obligation to buy a home and no payment due if they don't.For investors, it says that if they buy a home I introduce them to, they will buy it through me.It is simply amazing to see just how many people will happily burn up an agent's time and gas, kicking tires for weeks or months - only to announce as they're ready to write an offer that their Aunt Millie has her real estate license and they'll have her write the offer - and make the commission.A smart agent won't allow that to happen any more than any other professional would.

The numbers look good but the property is pretty grungy-definitely a tired old building in need of some major work in the next few years.3/4 units are rented to long term tenants who have been there for years and have no plans to leave.

Transaction costs and the 25% recapture put  me in the red.A master lease option may be a good strategy for a tired landlord.