There is a lot of reason that hundreds of thousands of people prefer to live in the city than the suburbs and the property tax rate is not one for the vast majority of them.  

Again, I think you're thinking about how the market was a couple years ago, which is vastly different than it is now. 

There is a vast selection from the 'condotels' to single-family homes to choose from depending on what direction you want to go.

Contractor will bring no capital to the deal but what he/she will bring is a bounty of knowledge, an array of vendors and a peace of mind you can't find on craigslist. 

Awoke to the wonderful world of investing only 4 years ago when 2 hour commute each day opened me up to the vast world of podcasts about investing, online marketing, startups etcKept dreaming that I could retire early with passive income.But I realized soon after that I probably have one of the best jobs out there but filled with both good days and bad days like I had today seeing a very aggressive cancer and knowing that a patient may potentially die.

I vast majority of homes entered into pre-foreclosure in late May, and 6 months later is when the ticker hits

-While the typical owner states  "we plan on holding the property long term", the reality is that the vast majority of home owners as well as investors do not. 

Wow, lots of varying and in my mind, wrong interpretations here.Given, some states have some different wording about inspection contingencies.As Is only means that a seller is Not agreeing UPFRONT to do any repairs on items found needing to be repaired, typically those required to secure fha or conventional financing.....that is All it means.It does Not mean that a buyer can’t have an inspection and either walk away or ask for a price reduction as a result of items found in the inspection.As Is and an Inspection Contingency are not related to each other and are Not mutually exclusive (in the vast majority of markets).

With all of this, a vast majority of properties fail my investment criteria, especially in today's hot market ... most, but not all. 

most investors after a while its not  but for most of the US homeowners it is.. we have to keep in mind that the vast majority of homeowners do NOT own any rentals.