Reason being, the second credit card company will not run your credit, they will just look at the first inquiry and give you a very low-ball amount. 

I am getting ready to purchase my second single family rental property and I am renting to college students.

Once you do your first deal it will be so much easier for the second one.  

If a second structure is allowed you might want to consider a modular home.  

You also have the option of offering to split it with the tenant, but again this increases cost for the tenant and decreases likelihood they will apply.

Finally, with the use of Trusts while establishing these structures you can add a level of anonymity by removing your name from public record.The second point I want to bring forward is that if you benefit from something, then by law there is always some sort of liability that can be traced back to you.

If you wanted to buy a second home sooner than 1yr, that way you can use your full VA entitlement.

You should come to the BP meetup (second Wednesday of every month) and meet some people who do this stuff.

I recently found a deal on an auction. problem is the contract isnt assignable so i have to do a double close which sucks. now this will possibly be my second deal, so how can i get this deal funded on my end so the deal can go through?

The upside from a legal perspective (though downside in an attorney fee perspective) is you can file a new eviction complaint, set up a new stipulation agreement, and if they then fail to make a payment enforce that second agreement with a lockout (once the eviction moratorium ends).