You won't be able to get a "Full Approval" without an appraisal...and depending on your bidders deposit requirements, your risking that cash if for whatever reason, you can't borrow the balance due in time.  

Cut up your credit cards if you carry a balance on them, and start paying them off.

Get rid of the high debt balances first.

In any form of business whether it be real estate investing or growing start-up companies, investors and entrepreneurs have to balance the pros and cons of these 2 types of financing methods to tailor their own needs.

Here you need to balance the need for cash flow (in dollars) vs. the % return you are getting.  

I have a few credit cards that have a large balance. 

The score of this game will be proportional to your investing account balance ($$$)I can't wait to hear how this deal shakes out and about the next deals.

You have to find a balance between the level of risk and reward you want to achieve.

They can only deposit into the account, not see balances or withdraw, so don't see a risk.We also let tenants bring rent to our house.  

The hard part is balancing the obsession with my time and studies.