But occasionally the assessment (not the millage rate) is just absurd and we know we can bring it down after closing.

Historically plenty of tourism, STVR are the norm and aren't likely to be capped or deal with new legislation, obviously subject to the occasional hurricane.

Occasionally a good tenant will ask to renew a lease for some specific reason - we had one that had to have signed proof of fixed residency for a certain period of time for their medical profession - but virtually everyone stays on M2M.

The comps in the area are similar but relatively low 700 to 650 range with the occasional 1 mil.

I am also with a small brokerage and even though I may act as a buyers or listing agent occasionally for others by my own choice, my main focus is buying and listing my own flip properties.

Occasionally, I'll just take the chance, after doing my own search.

I occasionally work in Indianapolis area as well.

Build your expectations on a higher number and, though you may hit it occasionally, you'll be overall negatively surprised.

Your tax guy would appreciate it if you are looking at this as an investment property that you occasionally use when not rented.  

I buy lots of second mortgages and occasionally foreclose on the properties.