It has more to do with their age in life, family and time commitments, health, what ideal life they want, etc. 

1) Building is newer2) Rent escalations are better3) Chicken > Beef health-wise4) Better Cap5) Outlet model off a major highway is fairly provenHaving said that, if you're buying NNN why in the world buy in California?

If you want to be extremely safe and buy a 10+ year NNN leased health system credit rated deal, you can find them all day in the 6-6.75% cap rate range nationally.

In my state, we have a form called "Complaint, Damage/Health Hazard to Property, Landlord-Tenant" which is used to give seven days notice to a tenant who is causing damage to the property.

Financing provided by FHA would have to meet their health and safety standards and any good real agent will let you know that you have to repair a ton of things to even get funding to go through but in theory yes you could do this if the home didn't have and issues at all (hvac, plumbing, expose wiring, loose handrails, electrician, broken garage, leaky faucets, etc etc)Conventional financing will be a bit looser with minor repairs but you would still need to address the major items that would cause value to be affected like plumbing foundation, major electrical, roofing, structural,Etc.

This guy goes through a house with a fine tooth comb.

In all seriousness there are health concerns that are associated with bats and their droppings.

I am too. The

I never "quit" my real job because it paid for my cars, health insurance and an easy way to fund retirement accounts.I still do 3 or 4 rehabs/flips per year, might do more if I found them.all cash

By the same token, someone buying a 200k house obviously makes way more money, is generally more stable and could afford a major repair on the car or a health issue without essentially having to decide what bills to pay and which ones to let go, at least temporarily.