What these gurus never seem to mention however is how someone starting out is supposed to secure commercial lending when the requirements are so much different than residential.

"Get security cameras. 

But when he said he is gonna vacate the home he had defaults on rent. we have 2 months rent as security deposit , we told them we could deduct that amount on rent only if the house is returned in good condition... when we inspected, the house was in very pathetic state...they didn't inform us about the dog and it wasn't on the lease either but we found that they had a dog and 2 cats...The dog caused much damage to 2 of the doors.

I have secured financing and I am working with @Adam Mayberry on a design now.

I am still in the process of securing a job after I graduate from college either as a real estate agent or W2 job.

If the lender believes they will secure a bid @ auction that exceeds my offer, would they still consider accepting my offer? 

We put 20% down to secure the property.

Your #1 job as a landlord is to get that unit rented and until you have a signed contract and first months rent plus security deposit, you should not be holding that unit for anyone.

Let me count the ways:1) Licensing and Entity Set Up2) Establishing Proper Bank Accounts3) Creating a Phone System 4) Having no PM education or experience5) Accounting6) Marketing - Of themselves and the homes they manage7) Application handling with screening8) Lease execution - minimal understanding of how to fill in a lease9) Tenant laws and regulations10) Tenant relations11) Maintenance (I should say that 5 times)12) Make Ready issues13) Security Deposit Itemizations (the most expensive failure you can quantify)14) Failing to seek advice or education 15) Service Animals16) Fair HousingI could go on, but one of the biggest and would considered the "umbrella".....is not providing a quality service to their owners and tenants. 

You have to have separate trust accounts for security deposits, a trust account to get the rents into and then a regular operating account.