There's a dude in Santa Barbara who hasn't paid since 2020, his tricks are far worse than that movie Pacific Heights. 

If it doesn't pan out I will drop it and move on to the next one.

Maybe @Matt Good read the same article I did yesterday:http://www.dailyastorian.com/CRBJ/news/20151008/pacific-county-real-estate-still-a-buyers-marketIt was enough to get me to troll some websites to look into pricing out in the area.

So far I've got seven prospects in a week but none panned out or even wrote back to me after I sent them an initial email.  

Florida is an unusual state, there are 4-5 distinct markets for real estate and each has its own characteristics.Tallahassee / pan handle - unless you are from there, I do not recommend itNorth Florida (Jacksonville) and as far south as Daytona - I am bias, I am from there and have great cash flow.Orlando - It is getting overheated - hard to cash flowTampa - There are still good opportunities to cash flow.Miami - Looks more like other big east coast cities like NY, LA, SF, DC.  

I learned a bunch doing this and my grand vision of having an easy 30k to spend on another flip+buy/hold did not pan out.

And yes rents will follow.Cash flow is for poor investors and investors that are poor.http://www.bizjournals.com/pacific/news/2016/07/01...July 5 Pacific Business News"the median price of single-family homes hit $760,000, up 9 percent from the median price of $700,000 in June 2015.

Let us know how this pans out plz.

@Jason Hirko,How did your section 8 properties pan out?

Pacific NW Real Estate.That goes for you too, Account Closed, we love to see you again as well.