Normally newbies go looking for mentors but don't ever manage to bring much to the relationship other than their willingness to work hard.In your case you're actually bringing capital so that will definitely be a bonus and allow you to find someone who is willing to partner and teach you the business for access to your investors.

The worst thing about 203k loans is that sellers do not like them so you will not be able to win in a multiple offer situation unless the property needs repairs to be financed.  

No mortgage, No HML (unlikely to get loan for - or the interest would out kill the profit ), No flipping (see *3*)Bid size: most of winning bid is 40% - 75% property retails value.

If it is customary in your area for buyers to pay their realtors then that is a bonus.

I'm all for win-win situations.

Since I did not have the ability to generate my own leads back then it was a win-win.

Are you using an agent that understands investment property or one that just wants you to win the bid? 

From my understanding I should be in the clear unless this were a Mello roo, or IRS lien etc. also if I am the winning bidder how long before I am able to start working on the property?

I've been performing and studying music at the college level since elementary school and I've gone as far as winning awards at the regional level.

@Patrick L. and @Kim Meredith Hampton, if I were to win a property at auction, and found squatters occupying the property, how long and how much (ball park) could one expect, before they can take possession of the property?