If I don't find a buyer in 45 days, I lose the contract.

If things go bad you can walk away and lose nothing.

If they don't bite now people have a way of changing their mind the day before an auction and they realize they are going to lose the house.

Turn key single family rentals are a hard way to lose.

*The cost of repairs and maintenance in excess of Five Hundred and no/100 Dollars ($500.00) shall be shared equally by Owner and Tenant, provided that Owner has approved of each expenditure in writing prior to the commencement of any work on the premises, and provided that the work is performed by a reputable contractor.tenant law in the State of:

Make sure you can get into a conventional loan or you can flip it without losing money.

When conditions get like this, in any type of market, it's a signal that a significant number of people are going to lose money - whether it's from buying stocks that look like they'll just keep going up, or buying houses that are in a bubble. 

Then I was hooked bought a rental jointly with an older guy who was a realtor because the bust made him lose his construction company. 

This protects you if the tenant doesn't pay you won't lose any rental income at all and it won't cost you the eviction and you won't be chasing them for the next 10 years hoping for a few scrapes of their money.

I was the high bidder for quite a while and could have stopped bidding below the reserve, but I did not want to lose the property and continued bidding until I hit the reserve.