They’re quick n easy.

An easy flip at 7-10% return might be more lucrative than a larger project that takes longer and more chances for cost over runs. 

Quote from @Makani Donaldson: From what I understand, different islands or cities have different rules, and they are getting stricter.

Many real estate investors opt for a fix-and-flip loan because they’re relatively easy to obtain: no personal income verification (no DTI requirements), and you can often borrow up to 90% of the purchase price and 100% of the rehab costs.

The standard rule is $250k per person who legally owns/occupies for the 2/5 year requirement. 

Easy sign up for a sole proprietor.I think new flippers are consumers & don't understand a business mindset.

I’d love to hear about the crime rates or any other issues (which we cannot guess from the online stats), and how easy or hard it is to find reliable tenants and property management companies.

HOWEVER, you can still find deals that hit the 1% rule and positive cash flow.

Its relatively easy to manage the process once you do it a couple times.   

Any action in your market regarding these rules/laws etc. ?