She sells shells, see?

Checking the recent auction results at AJBilling, there have been some major steals lately. $10K, $5K, even $3K for rowhouses in Baltimore city. Even with a full gut rehab and six months of carrying costs, you could be into a rental prop for less than $75K that brings in $1,000 or even $1,200/month. Read that as $400 positive cash flow, possibly better. And some don't even look like full gut jobs.

I don't care who you are, that's a deal. It seems the key is to look for deposits of $5K or less.

I'm going to some auctions, and soon! Anyone want to tag along?

Anyone care to share a story of a recent auction experience? Comment away...