Lots of good info in this thread.I found this especially helpful as I'm planning my first auction experience in the near future....better not see you all there now that you know there is a hot deal coming up in Milwaukee ;+)  Until a few days ago I knew nothing about sheriff auction bidding/ buying.  

I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.pros: no commissions in your transactionseasier qualification as real estate professional to offset high W2 of spousecan get access to any house/ easy logisticsmore control in the transactionMLS access with all the information on tip of your fingers, you can move fast with the deallicense knowledge helps to make better decisions and gives broader understanding of the industrycan legally do property management for others, wholesale (many states now making outlaw to do it without license)cons:need to take an exam (it needs preparation and to be good not just barely pass you need to study)fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))self-management including taxes and feesneed to relicense + paid education Don't forget the biggest con.

I will post the before and after pictures, hopefully it can help anyone starting this journey, we are new investing out of state but NOT new to handlining construction project out of state for clients, looking forward to the challenge!!!!

Ideally, rates will be a bit lower and will help psychologically.

Would love to help in anyway possible, shoot me a dm.

If I can land some more units I will need to expand in to a software to help me manage from over seas. 

Thank you for checking this out… I hope this information is helpful to you or someone you know in the New York market.If you are interested in 2-4 unit properties in Queens, Brooklyn, the Bronx, Westchester or Long Island, this will give you a sense of what is happening in the NYC metro area.

This was very helpful and provided some guidance on what to consider.

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My name is Caden, and I’m the founder of a company building an AI tool to help with tenant management.