I find it hilarious how all you out-of-town folks think you're finding these AMAZING deals in Columbus low-end neighborhoods that local folks, incredibly, aren't buying.

That doesn't mean there aren't larger SFH investors.

Practice with properties you aren't even interested in.

Russel Brazil has a great point, prices aren't being driven up by leverage.

But like Nicole said, it does make you wonder when they don't show up with necessary equipment.One of my favorite jokes is that "They aren't a real roofer/contractor unless they have a 50k+ truck with a huge lift kit to show you they're "legit!"."

This way the agent knows they are getting paid either way and opens the door to For Sale by Owner deals that aren't offering commissions.  

The other potential issue is what if they aren't satisfied with the final product.  

I haven't talked to occupant yet, but if they aren't willing to allow inspector in, how do I get an inspection?

Its a duplex and there aren't any other duplexes around for good comps.

If you can get a loan on that one going in even better - then you have more cash free to work on flips you aren't living in.