And is there a specific amount of money I need to pay up front before I can participate in the auction?

I have a 1500ft^2 student house where I consider the utility bills to not be high ... average is ~150$/month (much of that is hot water), highest was $248 (cold enough that the auxiliary heat was on a lot).  

I'm wondering if any of you have done this before or participated in the process and if so did you still get objections from the buyer even though they would still get a steal of deal even with that fee plopped on top? 

Thanks for the reply @John HornerI'm looking to increase my buy-and-hold portfolio (preferably with MF and/or off-campus student housing, but open to SF as well).Would eventually like to get involved with some syndicates- I'm still learning more about those right now.Really just started getting serious about real estate within the last 8 months, but have some investors and am working on getting connected with a property management company soon hopefully.

That was an online platform they were using... not sure what type of an auction you are participating in.  

Glad to see that my students are recognized as prolific in areas of seller financing :)Those who finance living expenses are the best candidates for future bankruptcies.

I'm a landlord and a law student nearing completion of my studies.

Hey everyone,I am currently a senior at Purdue University graduating May 2017 in Financial Counseling and Planning. I do not know where my full-time job will place me but I would like to get into real estate as soon a...

Purchase price: $560,000 Cash invested: $33,000 7 bedroom property rented out to students.

I'm married, my primary and rental property is in my name along with my student debt and a few credit cards.