And in this environment, the sellers expect Hard Money, quite a bit of it.It's not impossible, not at all rocket science. 

They sell for $230,000 and buyers are fixing them up with upstairs mezzanines, lifts, memorabilia and incredible man caves.

This is especially true in E Tenn where quality workers are incredibly difficult for all businesses to find.

Yes, I am living proof you can do well in life being raised in that environment, I know plenty of people who went on the become lawyers, doctors, make a good living, great morals, etc...

Wow amazing progress, its incredible how much painting wood grim really modernize the place.

@Robert Fisher you are describing an environment where I personally would not buy.

Which honestly is "amazing" in this ZIRP environment

I have their homes in both markets and have had good returns and expected appreciation for today's environment. 

I do no recommend.In highly competitive situations and markets I see people waive inspections, get caught up in bidding fever and buy property without knowing the total situation/condition.Buying sight unseen is incredibly stupidThe only people who buy something sight unseen and it isn't that stupid are people like billionaires like Mark Cuban, who has purchased a 15 million dollar home, sight unseen, on a total whim.

I grew up in similar environments so I get it.