I'm willing take properties in pretty much any condition and with anybody in them but sometimes the tenants are such bad actors I'll make closing contingent upon the seller getting rid of the tenants and/or squatters.  

Investors actually able to finance these foreclosures should feel like in the candy store with the resultant surge in (short sales and) foreclosures, given regular sales being so increasingly 'greedily' priced (or maybe its more the inflation of the US dollar).

I watched a couple of episodes for the first time and he seems like an actor more so than a legitimate investor.

I'm like a kid in a candy store with $100 in my pocket.I bought a 10,000 s.f. historic commercial building for $33k.

Also great work on the documentary and exposing bad actors in this business.

However- your gambit is flawed because it relies on irrational actors- those folks willing to be paid less than market value for assuming risk.

And lenders were handing out money like candy with very high LTVs.  

(d) The seller's failure to provide information required by this section: (1) is a false, misleading, or deceptive act or practice within the meaning of Section 17.46, Business & Commerce Code, and is actionable in a public or private suit brought under Subchapter E, Chapter 17, Business & Commerce Code; and (2) entitles the purchaser to cancel and rescind the executory contract and receive a full refund of all payments made to the seller.

They left a lot of stuff out, to be sure, but I still know more than 95% of the investors I talk to and a lot of that is all the training I did.My brother has a $100k+ English degree from an Ivy League school and has never used it (he's an actor).

If you try to dress, act, or talk in a way that is not what you really are people will see through it.