And actually it's not really any more work for you and your parents than what you were suggesting prior to that.

Definitely recommend that book if you're going the REA route.As far as what else you can do now, I would suggest looking into wholesaling.

If that suggests moving, sell your current house, purchase another, and either put 20% down and use the extra proceeds to purchase a rental property or keep a low LTV on it, take out a HELOC and use those proceeds to purchase a rental.  

BP is an excellent place to gain more knowledge. 

My analysis suggests your Offer shouldn't be any more than $101k.Because you DO have a good deposit, check with Asset-based (commercial loan?)

Looking forward to suggestions from the BP community.  

Home up for auction in a great neighborhood, suggestions on how to obtain it with a hard money lender or cash buyers?

You brought up an excellent point.

Any suggestions???

My team and I are new to investing..we know someone who lives in Baltimore that suggests we take a look at Maryland to invest in an apartment building, but they're not into real estate so it was merely a suggestion.