Currently, Cape Coral's inventory, new listings, etc are on the decline again.As @Bernard J. implied, I would take a sizeable tax hit if I sold immediately, but again there are a lot of market conditions at play. 

if all properties you see are below market rents, than I don't think they are really below market, typically.Beyond the cost of vacancy, renovation budgets, etc that come into play.  

BRRRR in Detroit makes a lot of sense, especially in path-of-progress areas, and rent-by-the-room could be a great cash flow play as long as you optimize for tenant quality and lease structure.

Could mineral rights come into play? 

Not as big of an impact today, but I can see Trump reinstating the full bonus depreciation idea and making it retroactive. 

Your expertise, experience, and intuition in real estate play a crucial role in making a good deal happen.

@Levi Perl There are definitely a lot of factors at play here, especially considering the time of year.

GP is more important in many instances than the property and that is playing out big time right now.

I had a vision that myself, my friends, and this contractor would from a team and we would have our parts to play.

I think we may see a return of bonus depreciation, but I doubt that it'd come without a cap of $1-2m, and a repeal of Sec. 179.