I'm game.  

A quick background about myself: I am 23 years old, and since high school my end game has been to go into real estate investing full time after talking to my high school Consumer Ed teacher who was big into it.

@Nicholas BallHey, I'm a complete beginner to the real estate investment game and I'm just wondering what a real estate startup is?  

Can you cash-flow, or is a game of barely breaking even?

The bank will then loan you up to 80% of the total cost so you would have to have some skin in the game and they are not going to front you any of the rehab money but will release it in draws once work is being completed.

It's a numbers game but you have to mail out regularly.  

Since this is an auction on a foreclosed property are the rules of the game different? 

Getting started is the hard part, and if you haven't been in the game long it will be difficult to find banks willing to continue to finance as you will be highly leveraged without much cushion. 

I have a similar situation in one of my buildings  it seems to be a constant game of cat and mouse.  

I see you are in Yukon, that is one of my favorite areas to invest.