Realistically, many properties that go to auction may be in such bad shape that they don't justify the high bidding amounts, leading to losses as I mention above. 

All you have to do is mention me, or Dion, or Ken Rishel or anyone else you trust for answers.

If you can put 20% down, why are you mentioning FHA?

As is was mentioned above Fannie/Freddie require 12 months before you can use the new value to walk away with cash.

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

As mentioned, I would definitely seek out the advice of experts in those specific markets depending on where you decide to go. 

They mentioned he is single and quiet which is ideal for a landlord haha.

Depends on the state but it ranges from $800-1500+ and, as Chris mentioned, we have the borrower pay for out of the gross proceeds of the loan.

I am part of BGNF (what @Jeff Brown mentioned above) and the preferred return is there every month.

The turn cost almost $4,000, not to mention court fees, attorney fees, and lost rent.