I owe roughly $2,500 in credit card debt and once I’m free’d from it, my plan is to save save save for my first rental property.

So in order to get full tax deferral you'd have to deal with debt replacement on that. 

The property is in Roane County.  Does anyone have any recommendations.

Assuming you own your own home that means you can pick up 9 of these bad boys IF your credit, income & debts are all good & meet the traditional Fannie & Freddie guidelines.

My wife and I are in our mid twenties in a suburb of Seattle making a combined 90,000 dollars and we have no debt. 

Here it is: I just graduated from college last spring with a bachelors in science (not business related) and I have about $16,000 dollars in student debt.

Auction is the process of selling the property to pay off the debt (lien) on the house.

Get pre approval by the bank with good rates for a conventional loan with a 30 year mortage to keep my debt to income ratio low.1 1/2: set up seperate bank account for all rental property fiances.

Get pre approval by the bank with good rates for a conventional loan with a 30 year mortage to keep my debt to income ratio low.1 1/2: set up seperate bank account for all rental property fiances.

There is a level of peace of mind that comes with knowing who you give possession of your properties to, that I personally put a high value on.