buying a florida auction with traditional finance or hard money??

[Hugh Jameson]

i am looking to purchase property at auction in central florida. i am looking to learn as much as possible about financing in this area. 

1. is hard money the only option?

2. does traditional financing work if all pre-arranged in advance of the auction date? especially if the balance is owed noon the day after the auction

3. can a hard money purchased loan property be re-financed to traditional lending once purchased?

4. with a hard money loan are the terms variable as in 6/12/24 months etc..

5. with a hard money loan - say on 100k loan ... how do points work? 

any other advice you have? much appreciated