The house was built in 2003.My question is the auction is ‘cash only’ and I don’t have that kind of money laying around.

See the rules for yourself:https://www.irs.gov/retirement-plans/plan-particip...I understand that this is probably not what you want to hear and you will hear all kinds of answers on the internet, but please be aware of the risk having your IRA, your wife's IRA and your mother's IRA disqualified. 

it matters what KIND of financing you get for a fannie/Freddie loan you need it to be in some individuals namefor traditional commercial it'll need to be in an LLC (or similar entity)In small banking and equity lenders there are limitless options though.

You are some kind of maintenance, repair denier.

I was wondering if anyone knows how I can pull some of that equity out so I can use it.Located in Union County NJ.Thank you kindly in advance.

Roofing Contractors are typically good at providing a quote on-site or at least within a couple of days of visiting the property, so it's worth taking an extra few days to get some additional quotes.

Once you pass (from checking the state website), you can start visiting different brokerages to see which one best fits you.

What kind of credit do you have. 

I'm asking this because what's appropriate for one type of project is inappropriate for another kind of project.

Visit all properties in person and get them professionally inspected.