We have enough between us to buy the first property, but this would allow us to buy a second pretty quick.I don't think selling it is in the cards, it's less than a mile from the beach and my wife has some sentimental attachment to it. 

@Lashawn McCauley I forgot to add that I had to put in a credit card that they put a $2500 hold on for the duration of the auction.

Don't take on heavy debt like auto loans, credit cards etc.

I'm in the very competitive Omaha market and have been driving for dollars and sent out 1500 post cards and waiting for those to produce.

I registered on the site but don't understand the agreement below and am concerned about loosing $1,000 so haven't "agreed" to the following yet.This is a one time Bid Deposit ("hold") of $1,000 to be placed on your credit card.

I had real estate agents knocking on the door leaving cards everyday for the first few months.

If you have a credit card or car payment, use that cash flow and knock it out quickly.

You definitely don't want to over-leverage and end up with a house of cards that'll fall over with a gust of wind.

This is broad question but here's a couple pieces of advice:1) Put it out there what you're looking for (i.e. facebook/insta/Snapchat/craigslist posts), car magnets, business cards, etc.);2) Secure funding ahead of time (or at least know your funding strategies);3) Have a good home inspector on your team (he/she may be the difference between negative cashflow and positive cashflow);4) set up automatic cragislist email notifications on potential deals (set up key words);5) buy properties in areas that you wouldn't mind your own family living in; 6) Remove emotion when sifting through deals;7) Don't give up

I'll see if they let me get a credit card.