I will add that even after you win the auction, there is a redemption period where they can pay you off (plus interest) and take the property back.

Trouble is, when the choice is between logic and emotion, emotion usually wins the battle, but in the end loses the war.

I want to know the extent of what we're getting into and how we can properly structure this deal in such a way where we both feel like we win and nobody builds any resentment for one another.

However, I think this is short lived and that the Feds will win out with increasing interest rates and you will see in the coming months the median house prices continue to drop.  

Huge Congrats on that win.

Many investors got their start this way and are eager to see young investors win!

This is what finding your niche is all about if I am in a room with 10 realtors I will win the house hacker at an alarming rate but I will lose the battle with "forever home agents" at a much higher rate so I simply find house hackers and help them meet their goals.

Ask the locals their favorite geographic locations to invest, who the players in the area are, recommendations for PM's/Contractors/Realtors/Lenders/etcWhat is drawing you to these markets?

Only thing is his client base is full of big players so his time is limited for smaller investors.

Having a VA loan will be a big win but as Hamp mentioned you want to know your exit strategy so if the current Multi Family market is not good SFH's are always a quality option and understanding the areas and the appreciating neighborhoods you can put yourself in a quality position.In terms of quality of the house definitely play it a bit safe to start especially since you will need to live in the property.