Him thinking he can buy a property at auction for $400k, and simply resell for $600k, tells you he doesn't have a clue about the auction market, or either current values.

They'll clue you in some.

They really don't have a clue as to what makes a good investment deal. 

As long as you keep the "success cycle", going, it continues and grows.If you need help learning how to make those changes and build that cycle, there's clues in my (revised) profile.

But, as a licensed agent, you should know that a "mortgage broker" wouldn't have any more clue than we do whether a property on a bank REO site is actually available "for sale", or not.

I bought a short sale in FL, still had no clue at all what I was doing, but made some upgrades and profited $35K.  

Amber, LOL, like minded that haven't got a clue.

But if the initial delinquency was 4-5 years ago, to me that 4-5 years they ignored it and shows a greater chance they've abandoned the property.It's really all like a big puzzle to me, putting all the pieces together and finding the clues...lol.

You have no clue.

Any clue?