The source of the funds is meaningless and there is no distinction.

If they are only getting it the morning of the auction, then I'm not concerned, but if they are getting it a day or more ahead of time (and it appears that they are), then it puts me at a distinct disadvantage.

Flipping is a dangerous game at the moment, especially for rookie investors.

They know just enough to be dangerous, but in most cases not really competent.   

Generally, the price to fix isn't that much less than the price to replace as they have to dig up quite a bit to get a fall to the pipe that isn't dangerous to work around. 

https://rebusinessonline.com/austin-an-antonio-office-markets-move-closer-while-retaining-distinct-drivers/

I think there is an important distinction to make between whether or not Airbnb is profitable vs whether or not it is hard to set up.

That's financially dangerous especially given the current market and you lose the compound affect of money growth.

Sorry to be a wet blanket, but you're equity stripping everything, leaving your cash flow dangerously thin on already tiny properties at this point in time of the real estate cycle when rates are increasing and we've seen a 10 year run?

Now, Let me make a distinction.