I think the biggest thing that prohibits anyone from investing is FEAR... fear of loss, fear of failure, fear of the unknown ...

So, in my experience there is a higher rate of failure with these types of auctions.

The responsibilities and splits with all contingencies so there are no known problems like vendor liens, failure of either party to fulfill responsibilities and they lived happy ever after.

There are reputable firms who can assist with the eviction process, but my recommendation would always be to use an attorney over an agent (in failure to pay rent cases).  

Not saying it can't work, but there are more failure points due to the size and the city than buying a single family home in one of the rental suburbs.

You increase your chances of failure by moving too quickly.Why can't you find a place to rent, learn the local market, develop relationships with intelligent and honest individuals? 

If you are looking to borrow your down payment that is a clue about how your reserves are looking and you may be setting yourself up for failure.

Sure, you might make some mistakes and experience some failure along the way, but won't everyone?

I'm sue she would like the full commission, but I suggest you speak to her broker about the failure to disclose and get another agent, unless you're an old hand at this and don't need representation.

If he does again, I'll pursue failure to comply, because she's NOT an authorized occupant.