I don’t have a loan on the property and hold it cash, but, if I sell it would lend the profits as hard money and earn 10%+. 

Same day auctions of course are not going to be possible for a lender to lend on the initial purchase but you can often get the same hard money purchase terms right after closing if you're able to buy in cash

We have made money buying properety based on cash flow (lower priced) rented out for a period, then selling to an owner occupant. 

You may make $50k on a flip but have to wait 6 months from list. ( in specific areas - not all of CLE)As a full time investor turn time is hyper important for me to turn my properties and money over as many times as possible in a year.Another example is are you a flipper or a renter.

That being said due to the number of sharks out there I would only spend money that I can afford to lose. 

If you are calling the licensed person off the radio AD a lot of money.

Keep saving money. 

As mentioned before, you can get away with paying for the draw money, but not using it. 

I also have money saved up for a down payment on another property.

Why can't you offer her assistance while she trains you, so you both make money?