Plus you'll incur more costs when you roll out of 203K into a conventional loan.

But if you think your going to roll 10k and have minimal reserves U are taking on a lot of risk your simply not aware of today..

House hacking seems to be one of the best ways to get the ball rolling.

I am at a hault and definitely want to get the ballin rolling and get closer to financial freedom and being able to spend more time with my family as I will be on my own time and scheudle

On an $80k property, assuming 20% down, you'd need to roll in about $36k of rehab to hit that minimum.

@Evan LoaderTexas does not have a separate individual income tax filing.Kentucky and Georgia may have a tax filing requirement based on a minimum net income/gross income threshold.Even if you are not required to file, you may want to consider filing - to roll over potential NOL's.Furthermore, a filing doesn't necessarily mean you have to pay a tax - i depends on what the income from the K-1 reports.

If you ever stop rolling over to new dsts and paying that 10-18% in fees, then you’ll owe all those taxes anyway…It reminds me of the large local swap meets, gun shows, craft shows, etc etc etc….    

You also have to look at your own War chest of money and make sure you can roll with the worst of the punches that could happen.

With no experience and little knowledge in real estate, is there a strategy I should consider just to get the ball rolling and collect knowledge?

If that is the case and there are good properties at both auctions and you are fast, drive fast, and get a good dice roll you can hit two auctions.