Certainly Edd's mechanical skills would be critical for someone wanting to fix-and-flip cars like they do on WD. However, for most home mechanics it's Mike's end of the deal that is probably missing. As Edd displays, a good mechanic can usually translate that skill from one car to the next, even without being previously familiar with the particular model.
Aside from a great deal of charm, what Mike brings to the show is experience, knowing the market and what can be realistically be accomplished on both the buy ans sell ends... not to mention knowing when to walk away from a car that is priced too high or needs too much work and knowing when to cut his losses if the end result won't bring the expected profit.
I've seen way too many private sellers and curbstoners asking far too much for older cars ("curbstoner" being a term I only recently learned - meaning someone who regularly engages in flipping cars for profit, but without a dealer license or lot - i.e. selling cars beside the curbstone as though they were a private seller offering their own used car for resale).
I recently saw an online listing where the seller said "I know the price I'm asking is too high, but it's because I paid too much for the car". WTF do I care if you paid too much? Doesn't mean I'm going to! Brewer would have cut his losses and priced to the market.
I really like Mike, especially the way he negotiates without ever being antagonistic. The show would definitely not be as entertaining without him!
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