Over priced (thus no short term cash flow)Social decay (IMO - thus poor future prospects)Adversarial government (laws are all in tenants favor.

(which is why it says no government loans in the listing description).

As a condition of bringing Fannie Mae back to its pre-2008 operational status, the US government is requiring Fannie Mae to reduce the percentage of single family loans secured by investment and second home properties to 7%.

How easily accessible they are is actually going to be governed state by state. 

The article made the observation that everyone has an interest in keeping it going - homeowners, investors, government/regulators. 

The thing I do not like about it is the government being able to control what I purchase and how I use my money. 

Every war human kind has ever known, rise and fall of governments, empires, countries and conquerors.

Does anyone have experience buying land/property from a government entity (city/county)? 

The government wants their tax money. 

I am have been working with some people that do a lot of 203ks and most say that these are really designed for owner occupancy, if you flip it before 180-210 days you run red flags and no one likes red flags with the government.