Auction.com is hired by banks to sell assets to highest bidder through quasi on line auctions.in some states LIke Alabama they are actually the criers at the public court house auction.. if not sold there then those assets are brought into the loss mit departments then listed with auction to be sold on line at some point in the future.I like it as they require actual money to buy this stuff as in you need healthy deposits and REAL POF's and you can't assign contracts etc.. so it mitigates competition with the no money wholesalers that are out there by the millions  LOL.. 

If your total rental income, expenses and depreciation is a net negative number (a net loss), then you can use up to $25K of that amount to offset your non-passive income.  

I though about giving real estate a try which is why I started reading online a bit about real estate, made a purchase order for the book "Rental Property Investing" and came across BiggerPockets. 

First, i would not furnish the places, it will probably get trashed, let them get there own furnishings and make sure that the lease says they must remove them from the property when they leave. i would have them pay for utilities, to an extent - have them pay for electric, supply the heat but give them an allowance for certain amount of months ( especially if you have older furnaces and they run on oil heat ) if they go over then you charge them for it. i converted mine to gas with new furnaces, i include heat in mine, but i control the thermostat ( online, thermostat is locked at the house ). i also provide water / sewer and free internet.

I totally agree!

If you find a lender who does online appraisals or creative structuring, you might be able to find a 2nd lender.

I've read some articles online about how LA is cracking down on landlords who boot rent control tenants out and convert their units into Airbnb rentals. 

You can post what you do in your profile (and we encourage you to do so) but the only other place you can talk about your company or the services you offer is in the Marketplace.We do this to keep the forums free from spam and junk that clogs up most other online forums.

@Caroline Hires Just a thought, from an online marketing perspective, I googled "how to invest 100k" and didn't see any top-of-page advertisers - you might bid on that keyword (or similar), create a short landing page making the case for why investing in real estate with you is a good idea, and how to contact you to chat at the local Starbucks.

Things may have changed since then.In 1996-ish I moved into a 2BR apartment in suburban Milwaukee that was total electric, including the heat.