BUT, I am confident that while the above covers MOST situations, in a country of 300 million + people there are locations where a 12% ROI exists for a car lot - though you may be giving up the “windfall” of a developer wanting and willing to pay a premium for your lot.  

Make use of tools like PropStream or Zillow’s market analysis feature to assess property values and rental potential.PS: Did you know that Indiana has one of the lowest property tax rates in the country, making it a relatively cash-flow-friendly market for new investors?

Each state or big metro area across the country has a group with members/leadership that help keep everyone together and connected.

Gabriel, I work and educate investors nationwide but I do have to say - CT is one of the most tightly-knit investing communities in the country.

Utilities are costly (my market likely has the most expensive water in the country and electricity costs that are in competition for highest in the country).  

My wife, Krys, and I moved to a developing country 3 decades ago to serve impoverished families. 

She was planning a cross-country move to be with her family in Las Vegas, but the process was daunting.

In Tampa, some great spots to consider are University area, Seminole Heights, Ybor, West Tampa, East Tampa, Temple Terrace, and Town 'n' Country—all solid for long-term rentals.

Obviously this is a huge concern, as a tenant could sue you as an individual for liability of the property, and in a country like this that could bankrupt you.

I work with mostly out of state investors and many out of the country.