If you don't mind, could you go into a little more detail?

And is there anything that we should be mindful or know about the dangers of when it comes to buying from Auctions?

Bear in mind, you're not investing in a retirement account to take advantage of tax deductions, as there are no taxes.   

As for vehicle vs RE, I agree this was a vehicle but the peace of mind was unrelated. 

With the right PM, you’ll have peace of mind knowing your property is in good hands and generating steady income.Good luck with your search!

Keep in mind, though, that each lender has their own criteria for how much future potential they’ll factor in, so it might come down to some skillful negotiation and presenting detailed projections that don’t feel like puffery.Just be careful not to come off as overly speculative…lenders tendd to shy away from what sounds too good to be true.Anyway, I’m curious.. have you spotted any other investors in Gainesville facing a similar refinance puzzle and what kind of terms were they able to secure? 

Completing the setup will likely lead to smoother operations and peace of mind in the long run.

Quote from @John Matthew Johnston: @Marcus Auerbach Mind if I ask what your other venture is ? 

I think I will prepare for a presentation once I have some more clear properties and plans in mind and present to him not just like he’s my spouse but also a potential business partner who needs to see the potential.  

Ask them if they'd mind sharing their experience with you.. if they'd recommend the area or not, and lastly if they could maybe send you a P/L sheet to see their income, expenses etc.You might run into some hosts that aren't responsive or any help, but it just takes a few people to share insight to get a good idea of the market you're dealing with.