Hard assets with (extreme) volatility will take out mom & pop; not just via barrier to entry but also by temptation to sell.I have done the following, and I think a few folks have copied me in certain areas and that's you buy the land and offer to re-sell with the condition you anchor the build(3rd party it to a real builder, in my case) for a rent to own or just resell.

First-time poster long-time reader here.In short: My husband and I finally pulled the trigger on our first Flip investment here in the Tampa area.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

This can trigger unfavorable tax rates when the property is sold, plus there are potential loss limitations, transfer issues, distribution problems, etc.  

Both cash flow extremely well

As far as strategy goes, long term rentals are extremely hard to cash flow right now and are more of a long term play on the appreciation side(never buy solely for that reason).

That made us extreme equity in these last three years.

She asked for prorated rent if she moved out early, which I happily agreed to and she has been extremely cooperative.Lower unit tenant is mad that someone less than half her age owns the property and is not letting her stay (she has been there 10+ years).

We have found that to be extremely beneficial.