2) Because they IRAs/401Ks are government accounts they have massive paperwork requirements. 

I can't speak to trying to make a quick flip, not my business - presumably it's not as good a situation as you can't wholesale evict now or massively raise rents, and or change the dynamic of the building in under 2 years. 

Oregon state wide rent control law, first in the nation…discusshttps://www.housingwire.com/articles/48325-oregon-enacts-nations-first-statewide-rent-control-lawhttps://www.cbsnews.com/news/oregon-rent-control-law-puts-a-cap-on-massive-rent-increases/

@Natalie BrownIf this was a massive deal then yes but for that size of deal no.

Sad that a 2011 tank is leaking, I'm sure that is a massive surprise for the seller.

His comments are to have a bubble burst or crash wont happen until at least 30% of the listings are bank owned foreclosures and massive short sales..

I also see and hear those same "professionals" massively under-quote repair costs, forget to mention important due diligence items that if not checked can be a nightmare for the new buyer/operator, and make ridiculous claims that fly in the face of building codes/basic supply and demand factors/actual operating experience, and the like. 

I think if most flippers are honest (10-years later looking back), they'd prefer to still own those homes as cash-flow positive rentals.I don't remember where I heard it (so I'll attribute it to MLK or Abraham Lincoln, maybe Warren Buffet) - "You can get rich flipping houses, but you get wealthy keeping them as rentals".

Columbus is having massive job growth, and Google is building a huge campus out there. 

Contrast that to two years later when I did have a great deal with an accepted offer, and I was able to co-GP the deal with massively successful, well-known syndicators.