Since auction it's a judicial process it's important to be well familiar with the municipal laws.TITLE SEARCH for any property is a must. 

Prices are too high here and the tenant laws to complicated and restrictive for a newbie like me.

I'm a huge fan of Aaron Calhoun at DblCheck, he's done two inspections for me so far and both have been worth every single penny; the first deal I backed out of due to the amount of repairs required that I would not have otherwise known, and the second deal I was able to get a much better price on because of the stuff that was uncovered.He's honest, patient, thorough, professional, and able to explain complicated things in a simple to understand way.

As an owner of investment property your taxes are now more complicated, the $100.00 you were paying to your tax preparer is now $350.00.  

Going the way of claiming a lease is a fraudulent document is potentially complicated.

The first step is to decide what you want to accomplish through real estate investing.Then just dive in.It can be as simple as renting a room or adding a rental suite to your existing home.or as complicated and big as you want to get.I enjoy answering tenant relation questions, if you ever have any.

I went through a lawyer in AZ setting up my LLC, but it was more complicated because I also set up a living trust for all of my properties.

Some advise to take out an LLC for each unit, but that can get complicated.

In a lot of ways the smaller deals can be more complicated than the larger ones.  

It is a very delicate line to walk...and I would proceed judiciously, and err on the side of what would be considered acting ethically by others in that industry.