The attorney told me I could not legally garnish her wages until after the debt included in the bankruptcy was closedIs this correct?

When the math is understood and applied correctly leverage is simply another word for profit. 

She was living on one side and decided it was all too much for her.Accepting all offersClose to schoolsLess than 1/2 mile to groceries, shopping and restaurantsClose to emergency services2 minutes to ParkLarge yard for families with small childrenOn a quiet streetFully occupiedNew water HeatersNew water supply lineNew DuctingNew CarpetNew Cabinets and countertopsRehab bathroomsAll Appliances stayOne tenant is on a month to month the other is on a year lease"- I will research rental prices for the area- I need rental rolls from seller correct??

You are correct in waiting until the bank gives the go ahead.

For those interested, we'll correct some of the inaccurate information and supposition provided by @Steve Powers above.

I would start by making sure whoever told you not to go Conventional calculated your income correctly.

Also, she paid for the entire year up front, in the event that she was evicted, I'm not legally obligated to refund that money if she was in violation of her lease, correct?

I am in need of getting three bids on doing a rehab that I'm going to buy.Let me know if you are one.

Once you win the bid, there no way to back out of it is there? 

A) Contractor A bid $1,000 to fix 2 leaks, replacing 10 feet of plank wood 2 pieces, replace shingles, place plastic cement and fiber glass along the valley. 1 year warranty, $300 advance, $700 when complete.