Does the same real estate agent typically present multiple offers from multiple people or do they offer just one client at a time for one property?

Typically the listing agent splits his/her commission with the agent that represents you, so it won't cost you anything. 

Essentially, both sides of the story.Any advice would be appreciated.

Originally posted by @Laurie Verdecchio:I'm worried about damage to foundation.We buy quite a few with water in the basement. 8 inches of water does not typically cause foundation issues. 

Do you typically rely on a good agent to help you find properties (and if so do you recommend anyone)?

It's the typical scenario of an older person who lives alone and can't take care of the house or bills. 

Typically hard money is 5-8% interest for a 5-30 yr loan.

It will also depend on what your purchase contract states in regards to who pays what (i.e. buyer or seller or split between the two).Of course, some of the costs typically associated with purchasing a property (i.e. home inspection, appraisal, property insurance, etc) would be optional if it's an all cash purchase. 

Typically, one of the best ways to find cash buyers is to contact someone who runs a REIA in the area that you want to flip in.

I think you're instinct on auctions is typically correct, but if you really learn the niche (as is true in most of real estate) you'll likely find an easier time finding deals.