It is normal for a dog, in their own backyard, to be bark and go running to the part of a fence that has a person on the other side of it, and often get on their hind legs with their front paws on the fence.

I personally own properties in the counties of Orange, Los Angeles, Riverside and Kern.

Here are some real years that markets surpassed previous high  - Los Angeles: 2018- Orange County: 2016- Ventura county: 2020- San Bernardino: 2020- riverside: 2020- San Diego: 2020- Santa Barbara: 2018Each of these markets are far higher today than their high from prior to Great Recession.

We vacation there regularly:  Dauphin Island - 2017, Orange Beach - 2022, Gulf Shores - 2023, Fort Morgan - upcoming 2024.My guess is that Dauphin Island doesn't see the same appreciation as Gulf Shores, Orange Beach, and places eastward. 

They're essentially paying the wholesaler for doing the leg work to find the deal.

Take a look at some trade accounts and a line at the Big Blue and Big Orange if you are going to self manage.  

I had a buddy who invested in Orange because of the cashflow but he ultimately got out due to high vacancy rates and less than desirable appreciation. 

But, most  municipalities will settle these for 5-10% from someone who comes in and fixes the underlying issue.Some research and leg work may lead to this being a non issue (insurance company pays the claim/contractor) or maybe not…but worth putting some work into it.

It can't be in Orange County (most of Orlando) as they do not allow STR.

and fooling with HUD would be a federal offense.. not worth the orange jumpsuit