As a result, there will be multiple bids to buy a house and house prices will go up by 10% or even 15%.

If it ends up being an expensive or time-consuming repair, you may be able to get bids and have the seller escrow 1.5x or of the bid cost to do the work post-close with a signed agreement and lender approval.  

My agent gave me first dibs with this property since she works with the seller so I wasn't bidding against anyone else.

I'm a bit full as far as being available to mentor or anything like that.There's 2 agents in my real estate office (a team) that will find a deal, line up a bid with a trusted contractor, and do an entire flip for you (they will let you be as hands on or totally passive as you want). 

I was bidding on a 1st mortgage.

Now the investor went with the GC who gave him the bid of $100k because he felt as if he would do the best job and make the vision he wanted to portray and he pointed out things that the other contractors did not.

In my experience working with clients that have come to me *after* trying the online services, they're usually left wanting more, such as: - market knowledge on what to negotiate (not just pricing)- how to leverage online marketing to generate buzz in order to have a line at the open house- creating a bidding war between interested buyers Again, it boils down to your personal preference but it's worth a try as you say - since you're already an attorney, that's one less thing you have to pay for. 

Then you have to bid to buy the place you once "owned".

Their auctions are done in a bid-down style on the interest rate, making it a competitive but  potentially rewarding state.Illinois: IL can offer a 36% per annum interest, divided into two 6-month periods at 18% each.

. - make sure to get bids from multiple contractors.It is easy to overestimate your ARV. - Have an agent pull recent It is easy to underestimate the rehab timeline. - whatever a contractor says, expect double lol