The amount of this deposit is going to depend on the auction itself.

Do you think this would be feasible in OC and if so, which areas? 

Melisa Justice, and she helped me navigate the entire Journey, it was a process not too long, it took about a month, and the process would have been definitely very hard being that I was on a different state by Melissa made it a lot smother, she was very responsive to all my questions (and I had a lot of questions), she helped me find a lender that would fit better for my financial situation, once I was pre-approved she connected me with the right property inspectors, and all through out the process she kept in touch pointing me the right direction all the way until closing day, all this to say I Definitely recommend her for any body the is finally ready to take the plunge and get started with their real estate carrier, I definitely will get in touch with her when I'm ready to buy my next property!

If you're new to this, have them explain the whole process of how they would get each job done.

I’m curious to hear if people have done this in the past, how they did it, how they started, etc.Any thoughts / discussion / enlightenment on this is encouraged!

Ultimately, putting more down will allow you to get a interest rate and lower mortgage payment over time. 

I figured if I get a decent deal on a turnkey property that has at least 3 bed 2 bath I can prob rent for 2k a month give or take depending on the amenities and make decent cash flow. anyone else have any experience with renting single family rentals in this area?

This may take a month or two. 

Wishing you all the best as you take this journey.

I'm starting with this initial SFH just to get my foot in the door, but really want to move to multi-family units.