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.

If so, it will take you a couple years to get that.Yes, you have to be licensed for 2 years in the state of Wisconsin as an agent before you can get your brokers license.

I could do HELOC or cash-out re-fi, but that would eat my cash flow.

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

Want credit line product of $1,300,000 secured by $2.5 in equity, have high credit score. 48 years experience in real estate investing, management and development.