First time flip and getting cold feet

[Will Maxwell]

I have learned a lot from reading BP, thanks for the posts! Wife and I are looking at a home just down the street for our first flip. It is going for auction at $75k the comps are going for $135k. I currently have $45k and plan on getting a bank loan for another $60k. I have a few questions to start. 1. Has anyone purchased homes from the courthouse steps from auction.com? 2. Auction.con says they must have 100% of the funding available at time of purchase (if I remember right) how do I know what the exact amount if I am bidding against other people or is there a window after the auction ends? 3. If a property goes up for auction date can someone purchase it instead of going through the auction process? 4. Any pointers? Thanks