If nobody is going to bid that high the lender simply takes the property for the minimum bid.

I discovered the BP podcasts while educating myself about financial literacy & the FIRE movement.

Yes you need 5 people per bedroom. 1 single person short and the Sheriff will simply leave and you have to start all over again.

. - Simply put, no.

But because this was not an arms-length sale, the tenant could simply be notified of the change in ownership and where/who to send future rent payments.

You did the hardest thing, which is simply buying that first one.I may be biased (no, I'm definitely biased) but @Erin Spradlin is kind of what you're looking for in terms of hand-holding.

If I were in your shoes I would simply look for a co-signer to a loan and look for a small-multi family in your home town where you can house hack.

Like Mija noted, they cost real money and time to maintain, and I simply was not deriving enough value from either.I had no intention of GC-ing jobs for clients, which is about all it would have allowed me to do that I can't do already.  

Luckily, my brother is a software engineer so he put together a website where new tenants can simply click on "apply."

However, upon research I have discovered it is really hard to find cash flowing HOUSES in good areas in my price range.