Yes that is the vast majority but not the bigger players. and or the bigger players will have a combination of brokered funds and their own funds. 

The grain pattern of modern tress is not as tight as it used to be and thus is more prone to rot.  

It's not necessarily the best property but the best situation that fits.For example, ideally you'd have a perfect property requiring virtually no repairs, just vacuuming perhaps, and plenty of time for you to find a buyer after you've tied up the deal.You are actually using your skills as a negotiator to assure the seller that you have the ability to close and solve the problem(s) that they see as most important within the timeframe that's agreed upon.Truth be told, most abandoned properties have combinations of both people and property problems.

Armando has actually made more money from his show then all the other shows combined.

Using 1031 for a vacation house is tricky.You can sell your primary residence and, combined with your spouse, shield $500,000 in capital gain, so long as you’ve lived there for two years out of the past five.

It's a more modern look.If you are super tight on the budget you could consider getting the existing tile professionally refinished.

If electrical and plumbing is modern and in good working order, they don't need replacing either.

(this was my estimate with input from the realtor who apparently does demo on the side)- All new flooring (combination of carpet, laminate, vinyl)- All new interior doors and hardware (6 panel hollow)- New (matching) light fixtures- Most or all new interior trim- New counter tops with modification to remove partial wall and add breakfast bar to open space between kitchen and dining room- Refinish existing cabinets- New bathroom fixtures (vanity, sink, toilet, tub) in both bathrooms- Likely sub-floor repair due to the significant amount of pet damageThe major areas that I didn't look closely at (because of the pile of junk in the way) but would certainly need to if I was considering this include the mechanicals (AC compressor appeared original), septic system, well, a closer look at the roof, and a closer look at the deck. 

(I grew up with a father who was always trying to wear maroon pants with a red shirt...color blind and the 70's was not a good combination!!!)

Each county/title company might have different information available.LA County has the following from a list I got: COM,STORE COM,STORE/OFFICE COMBINATION COM,OFFICE BUILDINGS COM,STORE/RES COMBINATION COM,MEDICAL,DENTAL BUILDING COM,MEDICAL,DENTAL BUILDING,2 STY COM,BANK,SAVINGS AND LOAN COM,AUTO SVC SHOP COM,PROFESSIONAL BUILDING COM,OFFICE BUILDING,W\RES COM,VETERINARY HOSPITAL,CLINIC COM,AUTO SVC SHOP,NO GAS COM,SVC STN,FULL COM,STORE/RES,2 STY COM,OFFICE BUILDINGS,2 STY COM,SERVICE/REPAIR SHOP,LAUNDRY COM,MOTEL,UNDER 50 ROOMS COM,SMALL FOOD STORE COM,SHOPPING CTR,REGIONAL COM,SHOPPING CTR,NEIGHBORHOOD COM,MISC COM,PROFESSIONAL BUILDING,2 STY COM,WHOLESALE,MFG OUTLET COM,SUPERMARKET,12000+ SQ FT COM,OFFICE BUILDINGS,CONDO COM,SHOPPING CTR,NEIGHBRHD,CONDO COM,CAR WASH,SELF SVC COM,REC EQUIP SALES & SVC COM,NURSERY,GREENHOUSE COM,USED CAR SALES COM,PROFESSIONAL BUILDING,CONDO COM,NEW CAR SALES,SVC COM,SVC STN,SELF COM,SHOPPING CTR,NEIGHBRHD COM,STORE,2 STY COM,SVC STN,FULL,LIFT COM,ANIMAL KENNELS COM,MOTEL,50+ ROOMS COM,CAR WASH