Day 1 of Cheap house from auction

I already have one buy/hold, but it's not cash flowing because I had actually built it to sell, but the market crashed and now I'm a reluctant landlord. I still believe real estate is the way to secure wealth (I'd like to create generational wealth) for my family.  I want to buy houses (eventually multi-family, but cheap rentals work, too). My husband buys lotto. Let's see who gets there first. hmmmm?

So, I have jumped both feet into real estate investing recently. I was scouring the internet and ran across a property in my town on an auction. I looked at it. I ran the numbers. I gauged my risk tolerance. I followed the auction on my phone and seconds before the auction ended, I pushed Buy Now.  The screen blinked back at me that I was the high bidder! I did the happy dance around my kitchen then ran to my computer to figure out how I was supposed to pay for this "large SFH 3bd/2ba -needs lots of work" property. Wah, wah, wah. I wasn't the high bidder. The bidder before me had posted his 'best price' and I had missed my chance. 

But yesterday . . . I get a message that that buyer had not come through with the funds. I had a second-chance offer. I had three days to make my decision. I asked every person who would answer the phone for advice. I know nothing about rehabbing. I am part of a business networking group, though, that includes all the trades. They have all said they would be on my "team." A local rehabber (who graciously answered his phone!), also told me, he and his partner would help me with this my first flip.

So, as I pull out my 0% (12-15 months!) credit cards I got just for this purpose, let's see how my journey unfurls on my cheap auction house. I think I'm going to need a Lowe's card!