They simply do not choose to operate their business in a professional manner.

They're apparently having great success, in fact, they're choosing to renovate to rent on Airbnb rather than flip..and I'm talking high-design renos, which means high-budget renos and they're making profits.  

You want to look at the following criteria (stolen shamelessly from BP episode 306). 7 criteria for choosing a market to invest in: Positive Population growthPositive Job growthDiversified economy - You need a good spread of big employers in town. 

I choose my HOR here in ATL.

Purchase price: $37,000 Cash invested: $5,000 2 bed, 1bath single family home.C+ neighborhood What made you interested in investing in this type of deal?

It is always nice to live close to your rental properties (although not absolutely necessary), and as a military guy you are able to choose where you retire to.

Purchase price: $48,000 Cash invested: $8,000 Sale price: $72,000 3 bed, 1 bath, brick homeC+ neighborhood What made you interested in investing in this type of deal?

House is located in El Paso Texas, 4 bed, 2 bath, the current back yard is dirt.

When that goes well you can move towards the higher risk / higher reward stuff if you so choose.

I am currently living in a live in flip house with a great interest rate 3.25% with a mortgage around $825 a month, 6 beds 2200 sq ft in an amazing neighborhood next to a top rated elementary school.