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.

If you have other retirement income, I would be real conservative and use a minimal amount of debt if any.3) The number of properties you buy will depend on what city you are in and whether or not you use leverage?

If I list my fix and flip as a home "for sale by owner", I will eliminate a whole audience (the audience that brokers will bring). 

Purchasing an asset with debt to pay off other debt, especially with 300k in student loans, is very risky.

@Scott Voiers If you're gunning for the big stuff, amass capital equal to 30% of the big stuff purchase price, and ensure that your big stuff cash flow will cover monthly debt payments (DSCR).

I have been trying to get into investing for sometime now, however what holds me back the most is my student loan debt (among my other financial obligations).