@Odie Ayaga Interesting, I wasn’t aware that was the process.

We notified them we were aware of the extra traffic and suspected drug-related activity. 

Just be aware with deals of that size come larger problems - I am in a position with my bank and other business that I was able to access some cash to do a major unexpected re-roof (yes, it's my fault that I missed the urgency of that in due diligence - I thought I would have a few more years).

There are no shortage of lipsticked pig properties out there, and learning to spot them is essential for successful RE investing...we're all susceptible to "shiny object syndrome", but being aware of it is the first step to avoiding it!

Are there costs that people should be aware of?

And be aware there are RMD (Required Minimum Distributions) to cause your income to go up.As to 401Ks and the like. 

But buyers/sellers are also becoming aware of this and of the new ways to buy/sell homes....

., a parent or guardian, relative, etc.) so they are aware of point no. 3 and can provide you and the mortgage broker with those same items when necessary.

Is there anything to be aware of when bidding on Auction.com?

Some conventional lenders on a new construction loan often do require construction contingency reserves (in cash) as I am not aware of it required in the form of collateral like an IRA account.