Contractor B wins the bid and his responsibilities will be pretty much everything because I have a different full-time job.

When the bidder has owned other properties with equity I have been able to reach terms on the existing property that would let the bidder attend the auction confident that funding would be available should they place a winning bid.

Learn from the ground up and when they see your work ethic and anything to win attitude they might eventually partner with you on one or give one to you to learn on.

If you buy right and get more out then what you are paying to borrow the money than it can be a win and jumping off point for success.If you buy wrong the property will break even to lose money.

I have had multiple deals come to me just knowing what it is I do. 2nd, A real estate agent can help (I am one) The downside is finding one that is willing to put in lots of offers until one sticks (my market typically has me making 50-100 offers before one sticks if it is through the mls) 3rd, Wholesalers are great options, make sure to account for that in the rehab as well. 4th, Buying non-performing notes There are countless ways, persistence will win every time.

Without that wording you may not win in rent court and may have to file a breach of lease suit.

It costs them and saves me so I consider that a win.

If the winning team always looked down on, or blamed the other team, where would all the joy go in playing basketball?

There is less to worry about in terms of issues with the property and the rates you win are higher than improved parcels.

Here's my question.Assume I win the auction for the property.