@blaine Moore - I'm a big fan of it, bought it on a Black Friday sale and I've noticed a large improvement in my productivity in the last 2 months.

With institutions entering the industry a few years back, more products have become available to us as lenders, resulting in better products to the borrowers.

I suggest you read the Bigger Pockets book written by David Greene "Long-Distance Real Estate Investing". 

Would an auction be a risky way to buy the first project as I'm a bit green?

This lender has stopped the particular loan product this buyer was using and I was seeing if I can find someone that can still do this.  

It's taken a lot of cash so I've sold 2 along the way to keep paying for the rehabs.My experience has been that the quality of the product will determine the qualify of tenant you attract. 

On my first rental, I was watering the lawns because they weren't very green.  

I was green and unsuspecting of his call and was caught off guard.

Those are only issues to people, so if the property is owned by a company the financing options are commercial lenders, which also have good loan products, but currently around 4.5-6% interest for a 25 year loan, while a Conventional loan is around 3%.  

Basically if she didn’t leave they had been given the green light to arrest for trespassing.