After winning a bid for a Hubzu Auction property.

Long term, I think CA wins, but you have to know that you will likely be anywhere from breaking even, not including tax benefits, at this time, to being in the negative if you go FHA at this time. 

Along with the business, I’ve acquired a good amount of capital via business credit cards.

To me, having an immediate tenant paying rent seemed like an enticing offer, and a win-win.

I buy a house with equity and fix it using my credit cards, then I get a appraisal by my credit union.

If I don't do any transaction (b/c I cant win any clients ) after I get my license, can I deduct my 1.5-2k dues as QBD tax loss ?

I've obtained a list from list source that i desire to solicit to, created a post card and am currently proofing the rough draft.

The winning bidding agent gets a 2.5% commission it will probably go for around 17M.

He wins, you not so much.I guess it really just depends on how you structure it and how he gets compensated.Everybody on your team, and your partners in particular, have to be rowing in the same direction, and that means you all (as in all y'all) need to have a financial interest in making sure it gets done on time and on budget. 

Then how many have taken a deal full cycle, i.e: win a deal, raise capital, close, execute business plan, exit deal?