I understand I should have checked the payment to go through too, if not raise a flag and give them a call, but that would mean I'm doing the property manager's job and by  the way they answer their phone I'm sure we would be in this situation anyways.

hard money lenders have requirements on deals that they will fund. 

Sellers do not want to go through the time, effort and exposure, or tie up their property, in a transaction that has no chance to close.There are those extremely rare cases, that become real estate legend, in which a buyer with little capital, and no borrowing capacity, is successful in convincing a seller of a large, expensive property to take him seriously and is able to perform a high wire act of raising capital from a variety of unconventional sources and actually complete the purchase.  

Hello all, I recently bought a house in the US, cash.Anyone know how can I get funding through refinancing this property?

I'm new to real estate investing and I'm exploring the idea of using money that I have tied in a 401k retirement fund in exchange for an investment property.  

Since the house "Needs Major Repair," I am not able to get traditional bank financing and thus would need to borrow from a private lender to show proof of funds.

Then, I would ask how they'll verify that you are using the funds the way you say you are. 

I wasn't sure if I can raise the rent a bit to cover myself for the winters or try to zone by ripping out the boiler and installing central ac and heat in basement for unit 1 and ac and heat in attic for unit 2.

You have to have a plan that shows specific numbers as goals or milestones to be reached so that their performance effects applicable funds injection that will in fact create the real building blocks necessary to get you the Multi-unit-building you envision to own someday.

Now the terms at these auctions are usually $5,000 Deposit in Cash or Certified Funds due the day of auction; balance to 10% due within 5 business days, and Close in 30 days.