Notice the key words. 

If you answer no to both of those questions, I'd suggest doing as Marcus said, figure out who you want to rent to and then look for well kept "turn key" homes.

Let me recap the costs for Foreclosure/Court house auction:Title search prior to bidding in auction (Dont' cut corners)Actual bid priceFlorida Documentary stampCourt registry costsTitle insurance (OH yes don't skip it)Cash for key (IF you ahve to deal with occupants.

Deposit paid -> lease sign -> copy to them -> keys once they pay rent in full and deposit in full (if enforceable).

That’s the key to Memphis.

You could pay for some very costly mistakes or you can invest in your education and possibly shortcut the learning curve by learning from others.But of course, try to get more educated in books and forums with RE investing then wholesaling in general before jumping into any programs.

So you need to make it a responsibility of Seller which may consist of cash for keys that you may have to negotiate as part of the deal. 

Real Estate is extremely rewarding on so many levels but just like anything no short cuts.

Put a lot of the little extras in there that don't cost much but that people appreciate for good reviews (a coffee maker with pods, an ironing board, a few snacks , a sixpack of local beer, etc).Also, I use Airbnb to rent out my basement apt to tourists and to find places to stay when I travel.  

So I guess the key questions are1) Am I wrong about the cash out refi requiring 6 months of seasoning on title?