Se said that the final sale date is approaching so the buyers are under pressure to sell and get out.

Of course flipping per se is not illegal.

Hey there,I know their are a lot of variables but, ignoring the cost of the lot itself, do these numbers look reasonable to build a 2,300 sqft home (new construction) in the SE USA market with a target resale list price of $200K.Direct Cost$112,000Standard Features$5,000Site Conditions$3,000Builder Fee$12,500Utilities / Maint$1,200Commission$12,000Closing Cost$6,000I am just using this as an example - as I build a pro forma template for new construction.Thanks - TTFN,Greg

I am just saying I don't think it works well in Florida to increase cash flow and don't count on the 30% tax credit per se on rental properties.  

I just bought a property in SE Michigan for $87k that rents out for $1,100/month.I honestly do not have much insight in the local real estate market from an investor's perspective - but the local markets have jumped massively as areas like Menifee continue to experience commercial growth.

I also work in SE Wisconsin as both a property manager and rental owner.

About 4712 BEACH DRIVE SE Unit#D, ST PETERSBURG, Florida 33705Welcome to your new Premiere Waterfront Home located within the highly desirable Waterside at Coquina Key South.

May have better luck in SE where you will find lower prices but also lower rents. 

I don't personally have any experience with them, but I have not heard great things on in this group:https://www.facebook.com/groups/568782883285173/se...Sid

So there is no ongoing expenses to pay per se, as the profit is calculated after all expenses (like building maintenance and renovation, marketing, staff, etc) are being deducted from all revenue (hotel rooms revenue, restaurants, events, parking, etc).