Absolute auctions are common in situations such as:Estate liquidationsBusiness closuresForeclosures or court-ordered salesSellers seeking a fast and definite saleFinal ThoughtsAn absolute auction benefits both sellers and buyers sellers achieve a guaranteed sale, while buyers can compete openly, knowing the property will go to the highest bidder.

Building relationships with experienced investors or property managers early can save time and help you avoid common pitfalls.

You can do that by assigning the contract (most common) , doing a novation, or by double closing (in addition to a few other ways).

In Metairie, duplexes exist, but true multifamily is less common; the area is more single-family focused.

If so, a little over 1/2 of my units are offered to voucher holders in various programs ("Section 8" or Housing Choice Vouchers being most common).

Wholesaling is a great way to learn about deal flow and the process before putting your own capital in.Also, connecting with experienced investors and other wholesalers in your area—or even out-of-state markets—can help you avoid common beginner mistakes and give you access to potential buyers.

For those comfortable with some risk, a common approach is to have three months' rent per unit in reserve.

Also, connecting with experienced investors and property managers early on can save time and help you avoid common mistakes.

Most management companies in my market set a blanket authority limit, $500 is common. 

A few common approaches I’ve seen: • Preferred Equity / JV Partner: An equity partner comes in for the down payment, takes a share of cash flow and equity upside. • Mezzanine / Gap Funding: Higher-rate, short-term capital that fills the 10–20% gap and sits behind the senior/seller note.