One reason for this is the age of the housing stock. 

you guys are lucky,, out our way if they are older than a certain age your not allowed to move them on the roads you have to bunch them up and haul them away in a dumpster.

I know at the court house auctions in Texas, they will check your cashier's checks before you start to bid so there is verification of funds.

@Zach TalkeAwesome you are looking into real estate at your age!

Often times the subscription agreement will contain an investor questionnaire of some sort that is used to determine the suitability of the investor.If you are not advertising your offerings and are organizing under 506(b) you don't have to do background checks, source of income, and verification of accreditation. 

Plus the trades are aging fast and many will retire and we have a generation of college kids come up who can't tell a 2x4 from a 2x8.Sub 300k inventory (in our market) is the lowest and limited to existing homes - the cost of land, materials and labor force builders into the 400-600 range, so starter homes are like bit-coin: finite supply.Wrapping it all up I dont believe we will see an economic slow down have significant impact on the RE markets - at least certainly not to the tune for 2008.

- Electric is 60 amp panel and the seller is saying this is standard for a home this age... true?

Hi I am a first time buyer looking to house hack at the age of 21.

Plus, if we want to sell a property we can make our own awesome home tour videos with stabilized camera interior shots and exterior drone video shots.I applaud you for starting the RE investing journey at your age.  

I think a lot of this depends on the age and construction of property, what amenities it has, and the environmental factors (geography / weather).