Great nest egg. 

That absolutely eats any potential cash flow.. we moved here because of cheap property taxes and turns out it’s not so cheap after all if you’re an investor lol.

I feel terrible walking away...but i was under incredible stress (not sleeping and eating like crap) trying to figure it out and make the quotes work by paring back finishes.

There are opportunities out there but some strategies are risky. 1 - Airbnb (STR) comes to mind - very competitive, very saturated and becoming highly regulated.2 - Most STRs are transitioning to MTR so that market will be saturated soon if it isn't already.3 - Insurance crisis in florida is getting bad so those costs will eat up cashflow and short term appreciation.

Condo's usually have high HOA dues which will eat into your cash flow.

We eat the first one, thy get a picture of all the glory the plumber pulled out and the second time they get billed.

As an investor myself, I'd say property taxes can eat into cash flow in certain areas and some neighborhoods are gentrifying fast which means you really need to know your submarkets.

Over-budgeting is critical to ensure that renovations don’t eat into your profits.Market Fluctuations: If property values in your area do not appreciate as expected, or if you face a market downturn, the amount you can refinance for may be lower than anticipated.Financing Challenges: Securing financing for the initial purchase and rehab, as well as refinancing after the property is rehabbed, may be challenging, particularly if the property is located in an area with fluctuating values or if the rehab work doesn’t immediately improve the property’s appraised value.Tenant Risk: Rent collection and tenant management can be unpredictable.

It costs $10 to register to attend the events, but your attendance comes with an all you can eat buffet at The Asian Star Buffet.

But from a moral & ethical perspective, you may want to decide at some point to just eat it and accept write it off as cost of doing business.