For my first house I did not look for a "steal", or even an excellent "deal".  

They do risk actually winning the bid, though.Whether the second would accept a small payment rather than take their chances in some other way depends on their evaluation of the deal. 

Whats the point of the bank winning the auction, taking ownership and liability, only to get the same price as the bid later on MLS. 

I am new on here and have placed a bid on a property, ( I am currently the highest bidder which I see really doesn't mean anything)  However, if I do get lucky and somehow win the bid, do they use a standard Florida Contract in which I have a certain amount of time to inspect?  

Some wholesalers in my area just put $1 down to get a contract signed and they usually just advertise the fee + what the seller wants so $53K in your case and they don't necessary tell you what they are making but it really doesn't matter if it's a win-win-win for everyone.

We had the winning bid for 4 bdrm 3 bath house on auction.com.

I was thinking something just as simple as an excel spreadsheet but it always seems like something that should be more elaborate.

The  title insurance lobby did win a small victory a couple of years ago in that a Fee Attorney now has to be affiliated with one title company as they used to be able to shop title companies 

My goals for RE -  Create WIN/WIN situations for everybody involved in a deal, but understanding that WE need to make money to become efficient.- Creating a presence in the local market and working with other investors / realtors.

Win-win!