In my limited experience foreclosing, we had to hire a lawyer and give different kinds of notice to our tenant & then buyer, publish in a local newspaper, and *not* earn several months of rent, plus we had to spend money  to repair damage that the disgruntled tenant buyer caused to a newly renovated property, while on the way out of said property.  

@Vincent Meoli - while they don't track the auctions, and there are some other limitations, RealtyTrac is likely the best provider in your area at this time.

@Alexander Nason - it may also be worthwhile looking at a Fannie Mae Homestyle Renovation mortgage: https://www.fanniemae.com/content/fact_sheet/homes...Homestyle loans require a higher down payment for 2-4units and loan limits aren't as high as FHA in some areas, but I think this could be a better option long term if you can figure out the remaining down payment:No upfront mortgage insurance premium (1.75% on FHA)Cancelable mortgage insurance (once you reach 22% equity) We bought our 4-plex with an FHA loan and it has been incredible - 3.25% interest rate and 3.5% down on $700k would be really challenging outside of FHA, but my mortgage insurance is almost $600/mo. 

And they'll create a feeling of scarcity by saying this deal is only good for a limited time or for the first N people to sign up.

An LLC is not just to limit liability from the inside, it can also protect your assets inside the LLC from personal liabilities you have outside the LLC. 

@Jingwen DunfordAs someone on the limited partner side.

I’m a 22 year old business owner & I’ve recently hit millionaire status, now I must say, I don’t feel any richer than just a few months ago; if anything, the stakes feel even higher.I’m a millionaire through assets, so cash on hand is limited.

I do not have any background or knowledge in real estate besides the few articles I have read here and there and of course the “Guru” limited information webinars/podcast/YouTubes.

I have W2 & 1099 income, solid credit, home equity and brokerage accounts/retirement savings, and some limited rental history (my first deal is a SFH 2 years ago).I've read about doing 75% bank / 10% second with seller, and "just" coming up with 15%.

Problem is we have limited experience in real estate and we do not know many investors.