Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

No worries about a seller sueing for specific performance.  

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Ok. So I've been reading a few books ... Rich Dad, How to buy with $0 down, and now Rental Property Investing. I'm pretty excited to get started and I have my wife (who Is not working) scouring the area to find proper...

Here is an example of a house I have bough from him:Purchase Price:                              $42,261KAssignment Fee:                             $11,700KRepairs:                                          $15,000Closing Cost Est:                             $1,500Holding Costs Before its Rented:    $1,000Total Investment:                             $71,461  House would Probably re-sell for 90K+ after repairsRental Income $1,300/Monthx12=  $15,600Property Taxes:                               $2,500Insurance:                                      $600Repairs and Maintenance:             $300Capital Expenditures:                     $500Net Income:                                   $11,700So without figuring on any vacancies its about a 16% cap rate, which I thought was decent.I am a beginner at this so not exactly comfortable going to the auction, but I want to learn the ins- and outs of the auctions so I can get even better rates of returns.  

The good thing about holding them is that most are rented and performing.

The Ultimate Beginner's Guide is now a course that you can now watch.

Beginners luck, I guess. 

i need somebody who will guide me You should start with the beginners guide.

Rental rates are increasing steadily and I could see this market end up being the top performing market in the country when 2016 comes to a close.