Foreclosure Auction Prep

[Shawn Loftin]

I have found a really good deal and may be the only person to have seen the home.  I do not have all the cash I need to purchase the home yet but it looks like getting the property at a 30% discount is a conservative estimate so I'm interested in the deal.  The home was built in the past 12 years and is in really good shape. Current owners don't have pets the yard, kitchen, bathroom, etc don't seem to need too much love.  
The auction is in a month the current owner was not thrilled about the idea of letting me take over payments to save their credit reputation. So my plan now is purchase the home at auction then hold the property long term and rent it out.  I am thinking of using hard money then conventionally financing the home. Has anyone used hard money to get a home that they planned to hold long term? Most of the lenders I have talked to are mostly interested in fix and flip.  Any advice on the whole deal is welcome.  I'm an actuary/software engineer by trade.  I would love to hear what some you who do this full time would do.