Try to interview at least 3-4, then lock one in.2.

And also where it would be tough to learn the industry over one or two deals because the deal time-frame is so long (I could make mistakes that I didn't recognize until 5 years into the deal).In this case, we're talking about notes.

We negotiated a purchase price of $50,000, recognizing the quick resale potential.

Water heater 12 years to replacement (may need some service before replacement).Recognize many cap ex items are years away.  

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

One thought if Scottsdale still owned the notes was, see if we can buy them at a discount and make a spread on re-selling them, but having seen that interview, you're probably correct that they had already sold them on anyways, keeping that spread themselves (which never got back to investors!

Basically his premise is nothing makes money like money and that's what creates wealth inequality.I recommend this Econtalk podcast interview with him, the economist host does not back away from challenging him.http://www.econtalk.org/thomas-piketty-on-inequality-and-capital-in-the-21st-century/

Even PMC has different attitude across different cities.One thing that I learnt from all these experiences, pop-and-mom PMC works way better than nationally-recognized PMC.

We identified this N Lofgren Rd property through our partner network, and upon evaluation, we recognized its potential.

Also, interview at least 10 lenders to secure the best loan terms.