The only issue we have run into is the prices and bidding wars.Every single home we have looked at for personal use or an investment seems to have 5+ offers and go MUCH over asking.We are currently looking at Bay Park / Clairemont / Carlsbad / Oceanside. 

That's not the issue.

In Florida, hold over tenants can legally be charged double rents, that is FL state law.

I just won a bid and I'm refusing to pay them until they give me legal property description and of course it was Lot number 25 in there auction not the actual lot in Cherokee Village for example so I'll be making some calls tomorrow.If these guys are selling it…..you don’t want it.

HOA fee's do not just shoot up that high unless there is trouble from a legal standpoint.

Make sure you have adequate reserves to cover unexpected emergencies.3) Time-intensive - If you live on-site you're a live in property manager on call 24/74) Legal issues - know the max occupancy laws for your area.

@Olga K.It doesn’t necessarily confirm the sewer line is completely blocked—it might just be an issue with the internal plumbing or fixtures.

Yes the biggest issue was they grew way too fast and he set up an entire servicing company to handle all of their deals.

VRBO is completely uncooperative in this.I am contemplating just turning each of these over to an attorney, sue for the chargeback plus legal fees, and let it go.

The issue you will have is that finding out what a property actually rented for is difficult.