Soooo much out of State and Country investors

[Ron Jon]

Why is there so much out of State investors buying properties here.. Is there any other areas to invest in?  Locals are getting rammed because these companies and investors are bidding these properties up to a 30-40k  spread. The only assumption is so they can add to their rental portfolio because the spread is too thin to make money from a flip.  No flipper is going to make money with only a 30-40k spread to work with... Its just frustrating.   Im trying to understand who is telling the world to put their money in Jacksonville.  Also who do you guys use to look at the property before you buy since you guys are not located in Jacksonville...