When the houses were just acquired it usually took me two to four weeks to get a tenant in them though I had some that were rented prior to make-ready and renovations being done, that's happened a couple of times.  

I am noticing for the others I am trying to acquire I am the only bidder.

We are interested in acquiring a property that she can live in starting her sophomore year and hopefully have roommates pay for the mortgage.Any tips on the best way to finance this?

Renovation costs would need to be financed separately.Private Lending or Hard Money: Use a private or hard money loan to acquire and rehab the property, then refinance into a joint long-term loan.Seller Financing: Negotiate terms directly with the seller for a flexible financing arrangement.Final ThoughtsUsing an FHA 203(k) loan for your first property is a smart move, and with the right partnership agreement, you can still achieve your 50/50 goals.

The assets I see them actually acquire do not correlate to the money they've raised. 

:Oh, so, you mean like say, get a person to transfer deed into your name on property while retaining there mortgage acquired under there name, there credit, there income, but now doing things in a manner to convey the benefits of said mortgage financing unto yourself who financing party never approved, reassigned to, or even has knowledge of.......

Obviously, the rules will differ from state to state.The most successful buyers have trusted bidders with cashier’s checks in multiple denominations (for cash sales) and the actual buyers have field runners and people to monitor multiple prospective properties at a given time and check sales status for postponements due to BK, etc.This is the case in larger metro markets where many properties could go to sale but few do so.There are often better ways to acquire properties then auctions.

It can also be used to preserve assets acquired before marriage or planned for separate personal goals.

Acquire a few performing notes and just collect that mortgage monthly for the next couple of years AND they don't require half as much work as rentals.

They filled out the application through apartments.com (used to be Cozy.co before it was acquired) where my screening criteria is posted and the application is hosted, and their annual income listed in the application is 1.25x rent.