So I was reading through Josh's post here:http://www.biggerpockets.com/blogs/1/blog_posts/4157-don-t-fall-for-the-scam-be-cautious-about being cautious about who you do business on via the site and there is commentary in the comments section about having an approved vendor section.

No one is lending on them.Now I understand Miami residential is overvalued and banks should be cautious.

not always, but mostly, "deals" end up on loop net when they've been passed over by tons and tons of people. kind of like a trash bin where deals go to die. approach with a cautious and skeptical eye.

Scottsdale will always be popular.But for now, I'd be cautious with the exurbs.Welcome!

@Brandon Hobbs The one thing to be cautious about all 1-bd building is the original design.I've seen more than a few of the older class C buildings where the original design had a mix or all 2bd units but the owners at some point had them converted to 1bd units.While there is some economical rational behind that you need to realize that a building that was designed for 4 X 2bd units will have plumbing for 4 units, electric infrastructure for 4 units etc.

Be cautious if you're the one paying everything and if so, try to get a history on what the expenses run.

People need to be more cautious about the type of marketing these gurus use.

I would be very cautious signing up for "programs by Gurus" lol...

I was trying to be cautious yet aggressive...if that makes any sense.Now for the big mistake:My city's properties were all snatched up so I started looking at adjacent cities in my county.

A sfh with own funds, the risk is yours alone to decide how cautious you want to be.