I just want to make sure I'm prepared and able to correctly calculate my decisions in purchasing. 

Are you prepared to take responsibility and add to the situation by solving the problem? 

I say it to prepare those who don’t understand the risk of auctions 

It will provide all the opportunity you need if you are prepared.

If you have a written agency agreement, the agent can also help you prepare and submit a written offer to the seller. 

You know, I was prepared to help you out with a well though out reply but I was pretty turned off by "check your privilege".

What hurdles to prepare for, etc

I have been helping her manage the contractors on the weekends, and going out to the properties to do some work as they were being prepared to sell. 

I'm as firm a believer in preparing for the worst as anyone.

Even within local lenders, you will find a wide variety of rates and appetites.Be prepared to discuss the deal, your experience, your exit strategy out of the loan, and the amount of cash you have available.