I do not know if theses areas were mirrored off Palm Coast due to the way the road networks and "scatter" lot type of selling, but they are eerily similar.

Personally, I think this strategy is a bit of 'smoke and mirror' (not you personally). 

And others that make it happen.”So take a look at the person in the mirror and ask yourself, “Who do I want to be?”

Figure out your risk appetite and then look in the mirror for the answer.

My personal experience in Memphis and North MS mirrors James and Jay's comments above.  

Perfectly located within walking distance of the popular local Amtrak station and well-designed as two mirrored 1bedroom units, it seemed to be the perfect HOUSE HACK. 

Maybe a new vanity and sink, new mirror and shower curtain.

Some states are on a "budget based" system where the government budgets dictate the amount of taxes due and other states are on the "Rate based system where there is a set property tax rate that doesn't change when market values go up or down resulting in taxes owed mirroring the market.Property tax laws very greatly though out the county so its very important to understand your local rules.

Mirror on medicine cabinet "fell off".

Now is the mirror reverse, partly due to the drop in the real estate market back then.Also, if I can get my money back out using the refi method, and I'm holding the house for cash flow, I'm not overly concerned if the market goes down since I'm cash flowing the same whether the market is up or down.