What I can share is that the risk-reward will not be worth it as a 'newbie' due to your limited capital and inability to actively manage your properties. 

The house is a foreclosure so we cannot extend closing date.

As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial intereststransferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to purchaser.If all or any part of the Property or any Interest in the Property is sold or transferred

The advantage is that rehab loans are based on the value of your home after the improvements.Since Home 1 will be the quickest to move on, please DM me the state where Home 1 is located, the purchase price and how much you have spent on rehabs to-date.

Please consider putting all of your information together in writing with dates, every name you can remember, wire transfer confirmations, what they promised you, what really happened, etc.

Baselane seams to be more normal for transfer/deposit limits and you can create multiple virtual accounts for each property.

In other words, you would have already invested thousands prior to the auction just to research the properties and their titles.What is your recommendation because without doing a proper title search (which sometimes takes weeks and passes the auction date), how would you know if what you're buying is a good investment?

Where was your go-to date night when you were 19?

Sure you can get away with it , until a home inspector looks at the dates on electric wire , or pvc pipe . 

Block out the dates of future bookings.