Almost an instant purchase.

I walk into perspective buys and can pretty much instantly rework it as needed in my head, vision is part of the job description.

Everyone wins, except the IRS, but they get thier money with future cheaper dollars.

Give him the credit report as "his win".

That is a win-able argument with the LA county assessor.

If you are new in RE, less than 10 years in the business, don't have a pot to spit in, I'd say you have a better chance at winning the lotery than getting a million dollar bank loan, regardless of what the property is or what it might be worth.Now, if the newbies will come down to earth at say a 100K property, an 80K would be better, a 1-4 property, those are deals that can be pulled down, otherwise, taking this to a million dollar deal is obsurd unless you have the horsepower and experience to own such a property.

Closer to the water wins.  

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.