I don't recommend trying to get properties from auctions. This is because

1) You typically need to pay all cash within a short period of time

2) The due diligence period is typically very short

3) There are typically multiple potential buyers which means you're less likely to get a great deal

4) Since you have to pay all cash, you can't use the Creative Acquisition Strategies or syndicate the deal. 

Reserve Price

If you see " Reserve Price " this means that it's an auction and the seller doesn't have to sell unless the purchase price gets up to a certain level (which defeats the idea of being able to get a great deal at an auction)