Supply is low and demand is at an all time high - and buyers are racing against the clock to beat rising mortgage rates.Two good articles to read up on regarding the local market:National Association of Realtors: Existing Home Sales Spike in JulyMiami Herald: South Florida Home Sales Rise by Double Digits in July

How many tenants are going to stick where they are if their rent is going to spike bc the LL has to make up for lost rent?

If you buy as an LLC it will have to be a commercial loan & will spike your interest rate.

Courts were supposed to open back up again on March 16th but they canceled it because our covid number spiked.

My brother and I were looking at the San Antonio TX area for our first rental purchase but do have concerns about the pandemic especially with the current news about the COVID spike in TX. 

That being said, I could see banks being less friendly moving forward as interest rates have spiked so quickly.

So, in conclusion, the home value spike of 2005-2008 was due to easy to get loans.

When the landlord I paying for the water nobody cares about usage My brother had a $3,000 spike on the water bill for one of his properties last year and the only thing the plumber could figure out is that someone had to have left their sink run for days. 

Keep in mind inventory is also down so its not like the sales are up because of a high inventory spike.

Naturally, lakefront and Lakeview experience a much higher spike in Summer.