They have the lowest rates we can find and since they are 30 year fixed...they allow us to cash flow better...which helps us qualify for other loans later.

With our unique model we allow those to scale quite quickly. 

My idea was I could live there immediately and also do all the minor work that would not require an actual tradesmen, which would allow me to start building equity.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

Off the bat, I had a few questions that hopefully someone more experienced can help: 1. do auctions allow financing after winning the bid, or do they require entire amount to be immediately wired? 

Unfortunately, no one is "allowing" them to operate, @Stylianos Kalamaras.

Renting could allow you to focus on paying down debt and saving for a larger down payment, while buying now could help you start building equity or even generate passive income through house hacking.

I feel like getting my foot in the door now with this one property would allow me to learn without being too overwhelmed.

100% VA loan, which allowed me to put money saved towards renovations.How did you add value to the deal?

New inventory and relisting rates have actually declined month over month which is allowing to pricing to remain elevated.