"Appreciation", you would avoid cash flowing markets and go for an area on the up and up (unless you can get both AND a motivated seller.

When I'm practicing underwriting, I'm finding a property that looks interesting, trying to find out median rates in the area and do some math to get to the NOI then divide by 6% and come up with some sort of value.

Its just very rare that this happens and this is mainly paranoia getting into peoples brain that they would need some sort of protection because of some high profile cases that have gone around the internet. 

Possible damage that didn't get fixed because the arbitrager wasn't able to make a go and they just walked away.There are all sorts of possibilities for problems.

There are so many that offer a new way to find motivated sellers that no one has ever done before. 

The timing also seems favorable, with many motivated sellers in Florida.

They have always motivated me.

Which I know is not great response rate, but when I was getting calls, sellers had much more motivation and there was less competition.  

I sort of do the same.

That is definitely a motivator to seek a different market.