@Josh Carr, Thank you very much for great details... few more questions...Once we win auction deed, we need to manage properties like insurance, maintenance?

You should absolutely be asking some concessions, but at the end of the day if this deal is a really good one for you, trying to find a little win/win somehow will be best for both sides.

The old law stated that if a tenant didn't prevail in an eviction lawsuit within 60 days, their names get revealed and can be collected by tenant screening companies.The new law says that the names get reported only if the landlord wins within 60 days, or if the landlord wins after trial if longer than 60 days.  

For the wholesaling side I would love to start out doing more JV's with people, I do know some investors and wanting to be an investor myself I think having relationships with wholesalers are a win win situation!

Still a win in my book, and I'm off to search for #2 in the near future!

But if the higher rents offset those costs it's a win! 

An executive of a business authorized to sign such documents is often an employee, not necessarily an owner.If bankers won't let you sign like that, take your better attorney along and have him/her explain it to them.I have one who even trains IRS agents on the proper interpretation of the tax code (he, his partners and staff consistently win audits).

We would like to sell that house and buy another property in this manner to create a win-win for everyone. 

One other question, if the winning bidder pays the full bid amount in 30 days.

Slow and steady wins the race.... or fast and steady... either way you have to get started.