I absolutely agree with you about buying at TS not for owner occupants but I think there is a qualifier there for people who are savy enough to understand the risk and proactive enough to mitigate it. As you know this takes time, money and alot of elbow grease. People in default are not friendly to potential buyers but offering them some cash for an inspection for a few hours is not out of the question. Again, I am more of the opinion of be wary, and maybe TRY, and like you said, this is not for everyone. Yet for a few people who can roll up the sleeves, understand the risk, and maybe get some professional help to mitigate it, there may be opportunity.
