Once you've identified your path you can seek out specific information on the same such as podcasts, threads, online information, etc.

@Basilio Torres:I think you'll discover that most of these type auctions result in the Bank buying back the property and then placing the property for sale with a Real Estate agent or online Auction Web site.

I was wondering if it was possible to take out an home equity loan or line of credit or refinance on the property to purchase other properties even though I, personally, did not take a loan out on the property?

They have the network and might have a tenant for the property.Go to SIOR online and there is a search feature there for office and industrial brokers.The attorneys usually handle the leases for negotiation and signing. 

Go through the house, determine what materials are required, price them at a typical home depot and or lowes etc. research online what you may need to do anything.

Hey Mathew,Start with multi-family if possibleRun the number's FHA vs ConventionalAvoid high crime areas/unfavorable locationsTry local bank/mortgage broker-More flexible.Realtors- ask/look online if there's any sign of commercial/investor interaction.

If it's a buy and hold, you can be the minor interest holder, that limits your liability and the member's from judgments, bankruptcy, creditors, etc.

If you do that on top on great marketing online and offline then this will bring results. 

I have found some properties online that seem close on the numbers, but I am only guessing with an ROI set at 10%.Thanks

But realistically, we will most likely be interested in investing out of state with no personal contacts other than referrals, through hopefully the BP forums, or reviews online and by vetting them out over the phone.