These homes are within 4 miles of the main strip and casinos.  

Some of the more sophisticated wholesales have been pulling title themselves earlier in the process to prevent probs down the road so ask the wholesaler if they have title pulled.  

But then we're not the most sophisticated investors onthe street today.

It seems like Chicago and Illinois is headed down this path - unless new revenues (like casinos, marijuana legalization), privatization and cuts (that won't cause folks in stable or gentrified, i.e. taxpaying areas to move) are found very quickly.

Again, this applies to house hackers, and is not a probable option for the sophisticated investor.a.  

He is not a sophisticated investor by any means though, and also has a whole bunch of cash reserves.  

The "big deals" right now are selling at a premium and all of the players seem to be fairly sophisticated these days.

I see a lot of over-sophistication with primary homes.

Hedge funds and other sophisticated investors are snapping up property in my city that you'd probably also call a sh*thole, they must know something you don't.

Sophisticated investors are looking for double digit returns which I guess if your buy anywhere you can get as long as you buy a good deal.