Both poverty and riches are the offspring of thought”Mans Search for Meaning: - “What matters, is not the meaning of life in general but rather the specific meaning of a person’s life at a given moment”The Richest Man in Babylon: - “To attract goodluck to oneself, it is necessary to take advantage of opportunities” - “Men of action are favored by the goodness of good luck”The Millionaire Next Door: - “Looks can be deceiving”

Obviously, the rules will differ from state to state.The most successful buyers have trusted bidders with cashier’s checks in multiple denominations (for cash sales) and the actual buyers have field runners and people to monitor multiple prospective properties at a given time and check sales status for postponements due to BK, etc.This is the case in larger metro markets where many properties could go to sale but few do so.There are often better ways to acquire properties then auctions.

Buyers may be backing out for failure to obtain financing for the deal.

Furthermore, some lenders have rate lock protection from their secondary market buyer, which means the buyer has to legally honor the rate.

Be vocal about the deals you are finding, money attracts hustle and deals.

Love the idea of helping out a first time buyer, may run into trouble if she's not the primary resident, check w/ lender but I don't think that'll fly w/o more of a down payment.

@Chris Blackburn, while I can't speak to this specifically, there are a few red flags I see in your post.1: A Realtor has to be a member of the national association of realtors, an industry trade group primarily focused on your typical home buyer.  

So if loan due in say 3 years you would need to create 600k in 3 years or sell the property.With limited years left on lease for primary you would need to start saving big chunks of money now because buyer will want higher cap rate to purchase.

Hoarding becomes a violation when it presents a fire hazard or other safety issue, attracts pests, or potentially damages the property.

The main reason is other buyers who are better able to pin down operating costs will either outbid you because they have their costs right, or you'll outbid them because you have your costs wrong.