We recently started a Co-Hosting business and are managing for one other person.

IRS 590 also explains this.5) When you receive a distribution or otherwise get paid back, never take personal control of the money.

I personally learned I enjoy local investing in residential properties.

Dumb question - but are these auctions online only, or in-person? 

I say "may" because while I have read about this in several places, I have not personally verified this to be true.I usually pay contractors by check the minute the work is finished and approved.  

Does anyone know stats on this or have personal experience in this region?

The GC is a business person who doesn't care about your ARV, LTV, or your budget.

It will be even harder as a young person with no life experience, and particularly no experience buying real estate. 

Owner financing and HELOC on personal residence How did you add value to the deal?

They are the best thing to add to your own personal knowledge, books, and podcasts out there.