Above all, dig through the site a bit and learn a bit before acting.

Hi,Anyone had experiences with buying from auction sites?  

Hope to learn a lot from this site and get some of my many questions answered. 

We're struggling a bit trying to find PML and came across this site.

And...most of us fit into this group, when we first began as well.So here is my tip for those who need, want it, and glad they have it. ( I wish I could have this posted some place where I wouldn't have to hunt and find it every time someone asks this questions on here, but perhaps the owners of this site might tag it, we will see)So...here it is.THIS IS THE PLAN1.Location, Location, Location .2.

I am also new to the REI and this site.

Expect the property to come up for sale soon on the auction sites and/or MLS

The budget has 10% management fee which is expected but then there’s a separate line item for site manager payroll at 5k.

Welcome to the site and congrats on making the commitment!

Lastly, since everybody has different investing goals I'll leave you with this: Even if my return is zero or even somewhat negative during the repayment period, in 15 years (actually quite less on many of my properties now) once the properties are paid for and still generating a ton of cash is when I will enjoy the returns...I can see it now, I am 60 years old traveling the world with my wife and not a financial care in the world, and when I am 80, my kids  saying "Dad, your so cool, we're really glad you bought those houses"Cheers, Lawrence