I work full time and don’t spend time at my rentals other than some minor things occasionally.

Occasionally, each condo owner has ownership in the land improvements also - a percentage share and the cost seg firm would need to quantify the entire property then take your % of it.  

Of course there are occasional exceptions, but generally speaking, these types of returns come from inexpensive properties in the midwest.

Occasionally the staff will give them a bit of a warning, occasionally some of the experienced bidders will give them a warning, but rare do they quit bidding.   

When I travel occasionally on business to the Newport station from 33rd st in Manhattan its all local stops but that's where my commute ends.

I will occasionally see 4 or 5 deals go by that meet my automated investment standards that I don't get into.  

I probably spend a total of 10 hours a month on all my properties because I drive around to check on them all once a week which takes 2 hours/week then 2 hours to deposit rent checks and deal with tenants occasionally.

  $100K might be tough, but I do occasionally see solid investment homes that should make great rentals between $130-$150,000

Meeting is normally on Thursday nights, occasionally on Tuesdays, and some full day Saturday seminars.

You might not be considering all the expenses, though -- like your tenant's water bill, occasional maintenance, etc.