Partially because you did not rent it for an entire year but mostly because of upfront expenses: getting it ready for rent, buying furniture, electronics, and other furnishings, stocking up on initial supplies, and so on.

Buying 25% below FMV is tough in a market that has 5 times more demand than supply.

When the area eventually becomes saturated or supply exceeds demand, all you can do is race to the bottom to compete on price.

New supply and rising expenses are probably even more impactful.Florida has some of the most new construction going on in the country, and is seeing rapid increases in insurance costs.

On the other hand, if you find a supply vs demand imbalance in a cheaper market, prices and rents can rise unhindered. 

You could start by giving them a month's supply of one of those brands and tell them they have to flush more often (twice per use).

They have a TV channel dedicated to bad tenants and I believe they are almost always Section 8 tenants.2.

Simple economics, supply and demand. 

I know that I can write my travel, supplies, and food expenses off of my taxes while on that trip.

I recently had an estimate of $20,000 to create a basement egress window and I put my foot down and told my GC that I was going to rent the excavator, and we found much cheaper supplies, and were doing the project ourselves.