If you know the Madison area, that would be good to know in your post.My short background: I currently own 2 duplexes outside of Madison in a desirable suburb but it is also getting quite overpriced.

As far as using them repeatedly you'll find it's either too difficult or the numbers are less than desirable.

I would also recommend that you find the realtor in your desired segment who has specific analytical capability with up-to-date market data. 

Rosewood, the most desirable area near the campus, is red hot!  

Where a brokers opinion may work is if the property isn't very desirable and has been sitting for a bit.

Experienced RE investors purchasing RE that I could not make my desired profit but because of their greater experience in rehabs (own teams) they can rehab a lot cheaper than I can. 

@Gerald BarronTake my advice with a grain of salt (small grain of salt) but I think it really does depend on what you desire out of the property.

Everybody wants a piece of the "American Dream", altho there is some controversy over the how and why that became such a Universally Desired Goal.

I don’t think you will have any issues renting the condo for that amount and Palm Harbor is still a desirable place to live.  

Yard/lot..is this a desirable lot or a not so good lot?