Do I Have the Right Real Estate Agent

[Rudy Cecere]

So while researching I have heard that the best agents are ones that have investment properties.  I followed this advice and just had a meeting with an agent that I know that has 20 units and owns a bed and breakfast.  During our first meeting moments ago I expressed my game plan: I am for looking for a multifamily in the 100K range and would like to rehab up to 150k.  I would like to be in up and coming area and am looking for a good deal (possibly something that has been on the market for a while so I could submit a lowball offer).  I told him my absolute max is 200k and really only wanted to go there if there was a screaming deal.  

During this meeting it seemed like every time I talked about the two up and coming areas I am interested in he brought up negative stories about those areas, and he seemed to always loop back to this property that is selling for $199,999 but still needed some work. Also when talking about financing I said I wanted an FHA 203k but said they're a huge pain in the *** and I should go conventional if I can. He was also talking about how fast some of the houses on the market are selling and how he overbid on new listing for another client by more than 10%! From my experience of checking the MLS multiple times a day it seems like houses aren't moving as fast as they were a year or two ago and many listings have actually dropped their prices more than once.

Long story short, I would love some feedback on whether this is valuable advice and I am just being naive?  Or, is this agent just better suited for regular buyers and not necessarily investors?  Thank you in advance for any answers, and just so everyone knows this agent is a wonderful person and I would like to work with them, but at the end of the day I am buying this house for an investment.