I think a lot of its fame can be attributed to MTV for broadcasting it as a popular spring break destination.  

So, if you signed a lease 11 months ago for an apartment at $1,000/month, but you are signing leases today for the same apartment and in the same condition for $1,300/month, then there is $300 of in-place LTL on the RR attributable to this apartment.

If you mean a 1031 then yes, if you sell this new property without another 1031 you will pay tax on the profit specifically attributed to that property.  

I like the web site bestplaces.net which will compare these attributes including population, demographics, education level of people, crime rate etc.  

I would attribute success in closing this deal on a few different factors: 1.

Before I created my website, I looked at many other investors websites pertaining to wholesaling (that is the purpose of my site), and I created a site that used a lot of the combined attributes from the other sites.

They all carry to same attributes.

There is a non-zero amount attributed to the mistakes of those attorneys that are supposed to be filing the Suggestion of Bankruptcy with the lower Courts.That amount of money may be off set by partnering with a savvy attorney.

Our focus is on value-add (renovation, amenity enhancement) in transit-oriented locations in selected geographic areas with potential for rental growth through area amenities & job opportunities just to name a few attributes.

A better strategy is to buy right and that will take more research and due diligence including gaining a grasp of the unique attributes of the neighborhood you select.