At the moment i am just concerned with being able to purchase/invest in a property as i don't think i will get full-time job in like 2 years or so (maybe later because i think i may want to take some time off after graduating pursuing other things) and i would like to start doing RE as soon as possible but it seems that there is no other way besides co-signing or doing trying to file income under tax returns as kevin mentioned and hopefully i will get approved by a lender

I designed my own software to do this all for me.Here are some of the data you need for each analysis:1 - Current cost2 - Your budget for buying and rehab3 - Your desired profit and/or cash flow4 - Size of the property5 - A comparison between the cost to get in, rents, and/or sold comps for each property6 - Specific location of each property (you need to map it out)7 - Analysis to find micro-markets within the overall area/market you are now analyzing8 - Days on Market for both 4sale and sold. 

If I were to buy, should I hang on to them assuming I can make some sort of profit or raise the rate and possibly lose them?

After a month of being on the market we sold the property and made a nice profit. 

But their ultimate goal is to get a paying tenant - whether it's the current person or a future person - and the auctions do not usually bring a profit....the winning amount usually goes towards the amount delinquent. 

There is most certainly a methodical and intelligent way of installing sub-meters and ensuring an additional profit.

How on earth is an investor supposed to compete & make a profit?

Interest rates are rising, which is putting the squeeze on finding profitable rentals. 

Cash flowing at 950 gross net would be around 300 after all deductions currently valued at 70000 and no repairs , is it good to keep this or make one time profit and sell it off and look for other properties

If not, I absolutely wouldn't pursue a deal that large.