Hello everyone, I’m new to this site and looking to learn how to buy my first rental. 

I am wondering if there is someone I can pay to physically go to the auction to bid on my behalf.Just FYI, I am aware of the risks of buying things in foreclosure.Can anyone recommend anyone like this in NJ? 

This example, principle $ 92,xxx, 10 year term at 10 percent interest.

Can you manage this yourself? 

Thought it could be of huge value as I made this purely from needing it myself when I did my first fix and flip project.

Is this standard? 

Quote from @Sean Regan:  I put this as a structural challenge in a scope of work.

Purchase price: $300,000 Cash invested: $300,000 Sale price: $400,000 This was my first property and decided to sell it get access to its equity.

(Roth's being an exception.)CPA Tom Wheelwright has a chapter on this in his book Tax Free Wealth and agrees with what I just noted. 

If you're starting out or already have a few deals under your belt, you'll find this community super helpful in refining your strategy.