However, the houses being flipping in this market would be extremely hard to rent using the 1% rule once you get over the $90k ARV mark, which makes the 50% rule hard to meet with many of the houses renovated.Thanks for your time and thoughts!

For 3.5 years, that is a very disappointing deal.

You're really not "putting off" any debt, because the state would have an extremely hard time telling homeowners they have to bring taxes up to date, because that would be double taxation. 

I live in Austin and being a lender, I can tell you it’s extremely competitive here with the amount of people coming from California and New York.

Fist off, most "credible" listings on the MLS all over the country right now, either go extremely fast or can, and are usually overpriced, compared to a year or two ago.

Unfortunately, the owners didn't have a lot of this information readily available, so this part took forever and was extremely frustrating, but I just kept hounding them until I got the information I needed. 

We have been setting up are listing in this manner the whole time and it has worked extremely well.

This makes planning for auctions extremely hard not knowing what the upset price is because I have no idea what actually looks like a good deal and I’m only 21 so I have a limited amount of capital and I don’t want to go in expecting to be able to bid on a property because there is only 50k owed on the mortgage when in reality the upset price is double that. 

I was extremely confuse so I contacted a accountant.

However, it is seeming to me that it is extremely risky for those who are not essentially experts in rehab.