Second, unless the property explicitly states that auction is allowing for the property to be financed, they will not help you in regards to getting your hard money loan done.

Higher risk, higher rates, balloons, calls, arms and reporting your financials to them every year.

Unless you have explicit experience managing a properties, I do not recommend managing this yourself. 

Westmark just sold their PM arm to Location Rentals, who has really cornered that market here.

Jessica,As it does NOT explicitly say seller financing I would not presume that it is (but you can always ask).

So in hind sight, I should have included language in my rent increase / new upcoming lease letter that explicitly stated that the prior lease will effectively terminate on the date the new lease takes effect?

I've been soaking up information for several months now trying to arm myself with the tools I'll need in order to start finding great deals and making a steady flow of passive income.

You give them your hand, they take your arm.  

ARM or FIXED?

I am between Valencia Arms and Oakwood Apartments