Purchase data:Asking price: $85,000My offer price: $73,500ARV: (per Redfin sold data) ±$110,000 Rehab: guessing around $10,000Closing/inspection, etc: $650 (i have no clue on this number)Holding Costs: $1,147 assuming about 2 months for rehabCash Purchase - all in for $85,297Income data:Rent: $1,050 per month (from zillow area rent data)Expenses (monthly):HOA: $17Insurance: $60Taxes: $166.67Vacancy: $52.50Repairs/maint: $52.50CapEx: $105.00Property Management: $105.00Total: $558.67NOI: $491.33 ($5,896 annual)Refinance:LTV: 75% of ARVLoan amount: $82,500 @3.75% for 30 years (estimated)Payment: $382.07Refi fees: $2,500 (assumed)Total cash invested post refi: $5,297.33  ( I'm not sure if i calculated this number correctly, any input would help me greatly!!)

I'm very new to the site and jumping into the landlord business with a buy and hold rental my wife and I are scheduled to close on this month.

I also want to eventually get into buy/hold with multifamily units. 

I'm new to the Real Estate world, but am interested in building a Buy and Hold portfolio.

But, are you referring to auctions that the lending institutions hold ....or are you referring to auctions private companies hold after the foreclosure sale ... or are you referring to pre-foreclosure auctions ? 

Salt Lake has some seasonal vacation demand for skiing, Sundance Film Festival, various conferences downtown.Has anyone had success in holding property for this purpose?

what I seem to find is HML> rehab> DFE/ cashout refi I have nothing against flipping for capitol to invest in buy and hold. buy and hold attracted me to real estate.

I have a duplex in Southern CA I currently own/live in, and have purchased one vacation rental that is working out well, but am looking to expand into both the buy and flip and buy and hold markets.

So now I'm trying to determine what is the criteria for buy and hold investors in this area?   

My full time job is what allows me to afford investing, but my end game is buy and hold multi families to provide myself passive income "get out of the rat race."