Once you win for the agreed price, they will contact you and attempt to raise the price significantly.

And the way the bank does auctions they have so many fees IE: inspections, escrow money, (pretty much expenses that exceed 12k..) so if I do win the bid..

My name is Matt and I've been a professional poker player since 2004 after I graduated from IU.  

It seems like attending your local REIA meeting would be a good way to start networking with the local players.

If there is something in there that is in violation of the law should her verbal notices continuously go unheeded, you could be in more trouble then you bargained for...just to win a stubborn contest. 

Seems like a win-win, and a way for me to build equity in a property through work, rather than cash.Any thoughts would be appreciated.

Please let me know if your interested for a win / win situation.

These auctions seem closed, as in everyone submits their bids privately and the single highest bid wins. 

If you access someone lending their own money, you will usually be able to have the flexibility to create a win-win for you both.  

The point is, this takes you out of the equation during negotiations and makes your "business partner" they bad guy. 8) I am starting out as a wholesaler which means I go in and get the absolute best price I can for the property while making it a win-win for everyone involved.