Leaving your job will pose hurdles but nothing is impossible.

@Kishore P. its impossible to answer without knowing more about the transaction.Legal fees can be from $1000 to 10k if you are syndication.

So it truly comes down to what you're looking for and what YOUR goals are.Personally - yes the 1% is hard to obtain but not impossible.

Any bank-financing-sized down payment would be probably impossible for us right now.For us, we'd probably keep as-is for some time due to nostalgia, using some weeks for vacation and the rest as income-generating.

@Garrett Diegel - That is an extremely broad question, and impossible to answer. 

It seems like the trend is to make offers waiving the inspection contingency or having a short inspection contingency period, which makes it almost impossible to get a good idea on what repairs are needed and how much it will cost before I'm committed to the deal.

there is nothing wrong with Blue Collar demographic.With your description above it is impossible to give proper feedback.How many people live in the town?

It can be challenging At time dealing with the city but not impossible.

The first one is impossible in flipping, and the second one is really complicated and only works under specific circumstances.

Lastly what you will see is that civilization has come out to these places when you drive by and see some desert rat in his or her Mobile home stuck in the middle of no where that 95% of the time is on one of these old platted lots.. some areas Like some of the Lake co California areas town actually grew to them sewer and water and paved streets put in and houses builtBut for instance above Lucerne there are 7 thousand platted lots and I think 3 homes.. lots are 5 to 7k sq feet.. it was uncanny how they surveyed and platted them way back when .. this terrain is quite step but the road follow correct grades although some lots even with today techniques would be near impossible to build on..