Is a foreclosure broker a good idea?

[Marco Petit]

I'm 4 months into investing (I haven't done my first deal yet) and have a few thousand dollars of capital to invest, just to give you a brief introduction. I met a broker in my local REIA and he came to me with a proposal to pay him for acquisition of foreclosure properties from auction. What he is offering is:

-His team will do the due diligence on the title to ensure it's clean

-acquire the property from auction with room to make 20-50% profit

-provide actual comparables

-consultation prior to auction

He wants a non-refundable payment of $2500 to set up an account and the $2500 per property making it $5000 up front (in addition to actually financing the properties in question). I am pretty new to this and I'm not really sure if it sounds too good to be true, if it's too much for my first deal or if I should just hold on to my coins and do it myself.

What are your thoughts?