Jennifer Not Lickley, when going to the auction you must put up a deposit and close fast, I have purchased dozen's and dozens from various auction's all closed in under 30 days. 

To add another question: I read that a wholesaler could 'cta' by having the seller sign some type of affidavit so that someone else doesn't come in under the floor and the seller sells to them instead.

In under 2 minutes she will explain what a security is (more or less what you are thinking). https://www.crowdfundinglawyers.net/videos/

If you operate in a highly efficient market (as I do) where most well-priced properties will sell in under 10 days, the low ball option has limited value as a tool unless the property has huge problems (something you encounter less than 1% of the time). 

So nobody here will be able to give you a fair compensation number for living in a house with no heat in Feb, no water and half power, because that situation is so far beyond legal (especially allowing move in under those conditions) we can't fathom it. 

Ask them if there are ways to save money, any pitfalls to avoid, ask them if they got you a policy what things would they recommend that you have your tenants get covered in their rental insurance and let them know if you go with them you will pass on their information.Do what you can to find a local investment meeting, maybe two until you find the crowd that will bring you in under their wing and balance your humility with your passion.Good luck!!

You’ll likely get more for the house when the market bounces back (hopefully in under 3 years).

If you decide you want one the fee is $100 to the Secretary of State and it can be done in under a half hour online if you have a credit card. 

Haven't heard that exact phrasing since the Preston Ely days. lolAs a wholesaler, in the beginning I ran into so many problems "finding a deal", putting in under contract and then immediately running into panic attacks trying to find a buyer in time before my EMD and inspection deadlines.

I felt comfortable taking my own photos, and I was correct (under contract in under 1 week).