This is no different than a baker using $1 of ingredients to make and sell a $4 chocolate chip cookie.You can only flip so many houses, so the ability to scale is based on your time and energy.

It occurred to me that having outstanding loans on multiple rental properties may negatively affect our debt to income ratio and our ability to qualify for another primary residence loan should we decide to buy another primary home in the near future. 

The value you bring might be in the form of capital, experience, access to deals, the ability to put in a lot of work, the experienced to manage the property, etc., etc., but you have to bring SOMETHING to the table. ...regardless of what type of value you bring, it has to be sufficiently valuable for the partner to benefit (and if the partner is a highly experienced and successful RE investor, they ain't gonna come cheap). ...Now, does this mean you should never partner with anyone, or you should give up on the idea of a partnership?

And step will ABSOLUTELY test your ability to calculate the ARV.  

@Shel MastersIf you only received a bill of sale at auction, and not a deed, it sounds like someone else owns the land. 

@Joshua Lira I actually work with a company that provides contractors with the ability to offer instant decision financing to their client.

@Crystal Smith thanks for the honest and blunt feedback - I really appreciate it. thanks for the closing costs estimator tool.Similar to my response to Tim, I struggle to find the value in this (and any investment opportunities thus far to be honest..) property with my lacking ability to target accurate rental rates & ARV.

When closing will be (usually 30-45 days if you need time to resell the deal or get financing)That I’m buying the house as is.That the deal is subject to the sellers ability to transfer clear titleThe deal is subject to inspection and ongoing access of me and/or my partners (so they will show the property to any partners you might have)Who is paying what closing costs and transfer taxes and providing township CO or not.When the expiration date is (usually 1-3 days MAX)Disclosure that I am an agent and acting as a principal.

Here is another oneIDEAL it's easier to say than CATPIncome- income from rentsDepreciation - Tax benefitsEquity - Equity build up through inflation over timeAmortization - Mortgage pay down over timeLeverage - Leverage the ability to increase returns by using other peoples money

I would say it would come down to either you needing to be more aggressive and have the ability to close quicker which means you would want to go the Hard Money route since they will typically close faster.