Also, what's the nature of your business? 

When you researched markets like Austin las Vegas Miami, those markets have higher land cost and are more cyclical in nature tend to have larger price swings compared to regions with lower land costs.

It's really unfortunate that people flash their wins on internet, and then other thousands of people naturally try to replicate that.

Sellers rarely mind the low deposit and extended closing period due to the nature of the property, or at least they can be made aware of the fact that their lot has issues that will take MY time and MY money to solve and then they come around.My terms on the flip are: Minimum 10K spread between purchase and flip value.  1-2K deposit upfront to hold the property for 7 days then the deposit becomes non-refundable after the 7th day and the buyer has the same amount of time that I originally negotiated with seller typically 8-12 months(its a purchase contract but because of contingencies its essentially an option).  

Just the nature of the business....

I might say that most of those are going to be residential in nature as well. 

Think hiking, mountain biking, white water rafting and a community overall focused on all natural things and sustainability.

Natural fit.

Human nature I guess..

It seems to be a pretty natural evolution for many investors.