Its safe to say that the number of folks wholesaling in FL has risen sharply in the past 4 years.At this point we are no longer shocked when someone tries to sell us our house back. 

Obviously you want to by smart, but 15 years into a 30 year mortgage when rents have risen and your cash flow is up, purchase price matters less.Congrats on making a smart decision and jumping into real estate.  

I'd disagree with the Minneapolis analysis as property values have risen and people are buying property near the lines. 

You can easily spend hours digging through old data to get the price right, but that's what they hired you for lol.Keep in mind rates have risen substantially which will impact the profitability of the property for anyone getting funding. 

The city also couldn't keep pace with mass retirements so with diminished numbers and morale crime has steadily risen.

If the assessments go up in 2 years, you might not be able to raise rent by an equivalent amount if market rents haven't risen accordingly, leaving you stuck with reduced cash flow.

I have started slow, but am steadily gaining on it.

The seller was praying that we'd default on the purchase contract because by the time we closed their yield maintenance had risen to closer to $2 million. 

I have been steadily cold calling apartment owners in my market for the last couple of years with many that I regularly follow up with.

But I sure get the premise in many markets were houses peaked in the 80s and have been steadily declining ever since.. you can find all sorts of homes in rural America and rust belt cities for FAR less than replacement costs.. so it becomes school.. do you like to pack up and move if your landlord says he/she is selling or they lose the house to foreclosure  etc etc.