The broker if they are an investor themselves knows the numbers and due diligence with what to watch out for.So yes if the broker is experienced use them and legal counsel.

The Big Daddy's lunch really is great - there is a wide mix of backgrounds (investors, wholesalers, developers, title guys, money guys, and even a self-described organic lady who does almost all of the above) and it is always packed, so get there on time for sure.

Mostly, invest time in studying and watching and listening. 

I took a class today that discussed HUD offers and the lady teaching the class told me that HUD never sends counter offers.

I see homes here around the Cincinnati, Oh area, which are selling for under 10k, (I've been watching one up for auction, starting at $2,500 with a reserve of $5,000.) homes which in the right hands, (mine,) with enough capital, could be flipped for $100k plus.

I watched them install a new roof on that house this summer.  

There is room for 2 and one can have a car drive up from the alley.I have watched some video programs of very successful mobile and seasonal vendors with good, but simple and targeted, offerings.  

I have a set of tenants, 2 ladies who are friends, both names are on the lease.

For example they don't want situations where everyone that has been watching the weather channel and knows the storm track, buys flood coverage at the last possible moment, and the company gets hosed. 

All can say is I am in the commercial space so I do not buy the turn key residential stuff.There are buzzwords you need to seriously watch out for.The big one is " NEWLY RENOVATED ".