It is a great property in a good area and I feel it can produce for me for years to come.  

I've found that one of the best ways to produce a quick stream of income is to purchase a lower cost investment property.

no body said he was walking away. 

It's no steal, but if I could get into with very little of my own cash then it becomes a great deal due to the cash flow it will produce and the resulting cash on cash return. 

Does any body have any advise to share in order, to avoid a huge financial mistake, when using the online auctions.

Rent it out if you can produce cash flow.

:Totally hearsay, but an agent friend of mine said her lobbyist friend said the current bill would die in the house because the house speaker is extremely against it.Interpret at your will.I'd imagine that if you are in the legal industry as part of the firms raking in hundreds of millions of dollars suing builders as a result of this law, you'd make sure to have thorough representation in the governing bodies of Colorado.  

Usually the purchase price produces about $700 in total rent.

So to answer the question, I would take the million and using reasonable leverage, put together a portfolio of income producing properties which could yield between 10 and 30 percent cash on cash returns.

I am just realizing it might've been a big mistake, instead of using the ones I already now and work just fine.So I've had a listing for almost two months now and the broker, who assigned a new agent,  not only has not produced anything, nothing at all, but haven't even showed the property.