In Publication 551, the IRS states:▶️ If you buy buildings and the land on which they stand for a lump sum, allocate the basis of the property among the land and the buildings so you can figure the depreciation allowable on the buildings.▶️ If you're not certain of the FMV of the land and buildings, you can allocate the basis based on their assessed values for real estate tax purposes.▶️ In the Tax Court Summary Opinion 2017-31, the IRS relied on County Office of the Assessor’s land allocation to challenge RealEstate depreciation deductions claimed.

So the end result will be you'll end up working with agents who probably aren't among the top producers.

Their rates are also among the lowests, not the lowest, but they are there.

You will be among the lower echelon of tenant, however there is still the ability to earn a living in that sub market. 

The issue they had with multi-family was that the average tenants only stayed 9 months, and also there were disputes among the tenants about who is responsible for maintenance.

The mindset of lifestyle renting has become more popular among the younger generations, and it seems that it's not just a passing trend.Where are they located?

The local economy is worth about 130 billion dollars, putting Tampa Bay among the fastest-growing metros in the country.Furthermore, businessmen Jeff Vinik, owner of the Tampa Bay Lightning hockey team, and Bill Gates have partnered to invest in Tampa.

Stretching one service among the same place is a win win for everyone.

Housing scarcity, no elasticity of demand, housing falling into deplorable conditions,"The analysis of rent control is among the best-understood issues in all of economics, and -- among economists, anyway -- one of the least controversial.

Presumably there is something recorded among the land records establishing a new lot line.