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."

You'll also need to take into account... other purchase costs, cost of money (seller financing plus rehab costs and financing), holding costs and selling costs.In this example it feels like you could be all in close to $100k (assuming repairs are in the 50-60k range).