If you do chances are you will be the defendant in a court action, even though the tenant isn't doing what she is supposed to.

Auction properties typically require quite a bit more research and don't come with as many exit strategies as those found on the MLS.I would recommend attending your local auction with no intention on purchasing, observe the actions of the bidders and maybe befriend a regular, if possible.Good luck!

Step 1, Step 2, that kind of instruction.Looking forward to taking consistent action and making this happen!

Lots of good replies and advice here but the main thing I recommend is taking action.

A quiet title action is another possibility, only more expensive and takes longer. 

Early bird gets...Get busy.. action

The flame was just recently reignited and I'm fighting the urge to over analyze everything daily and I have to say that BP has played an incredible role in my action thus far and for that my future success will be forever indebted to both Josh Dorkin and Brandon Turner and the countless other seasoned investors imparting all their experiences with us.My REI goals are to focus initially on building my wholesaling business and build an incredible marketing system that allows me to do 1 to 2 deals a month until I can save and reinvest enough capital to be able to turn my strategies to fix and flips and ultimately build an incredible RE portfolio that brings in enough cash flow every month that will replace my income for my full time job so that I could focus that 240hrs/month on my REI business and to continue in my pursuit in attaining my Doctorate in Nursing. 

I am am often required to apologize for the actions and words of other attorneys.

Real estate is about making calculated leaps and taking action.  

I offer fully inclusive rents @ $425/roomMy New Years resolution was to GET DIRTY AND DO IT and stop the 3-4 prior years of talking and start taking action!