All else being equal, lower mortgage rates reduce the cost of ownership and, thereby, allow more people to afford to buy.

My kids and extended family are in the lower 48 so I don't mind excuses to get down there- and the sun too! 

I see this home and what you paid and while it's not at all a bad price, I've seen investors offering that size in Palm Bay for as much as $15-25k lower.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Shouldn’t it be at a lower multiple?”

Risk entails everything from lawsuits to lack of diversity in investments to low rates of return to high exposure to vacancy (more units theoretically lowers vacancy exposure).

They are asking $375K but not getting it - so not quite $20k underwater from asking but they're offers so far are around $350k and lower.

There are several out there that I am aware of that are taxed at rates which are currently lower than ordinary income rates. 

You’re able to learn the basics of a real estate investment with lower risk and build equity at the same time.

The risk is far lower, with a better ROI.OR you can consider learning about government contracts and performing lease matching.