It's most common in the north-east.I assume you'll hire a home inspector.

Common sense. 

I work with investors, I am extremely knowledgeable about this market and I have a strong team of vendors.

Prices a few years ago were based on expectations of (in addition to interest rates staying low): - Then current operating cost assumptions (like insurance cost expectations being flat)- A seeming disregard for record levels of new inventory / supply hitting the market- Extremely high inbound migration expectations which are likely to not be met, due to both natural disasters and the boomerang effect when people from California or the Northeast move to the American South and hate every minute of the humidity, the large and relentless swarm of insects, and the occasional hurricane. 

These inspections are common, but they're also the most common reason that I've run into for closing delays.

@Daniel Tanasa house hacking looks to be the common suggestion, thanks Daniel 

Rental arbitrage isn’t common in my area ( high point North Carolina) but I was planning on starting in another state.

For the 2-3 months of dry heat, (that most of us spend in the pool or at the lake) we get to enjoy 9-10 months of pure joyous weather without extreme rain, snow, hurricanes, tornados or any other extreme conditions. :)

With 40% of homes still selling above asking price, waiting for a “better deal” often means missing out entirely.Financing is also a common issue.

I am a voice of common sense and help them come up with the best way to manage STRs.