The information on each transfer is then given to the local town Tax Assessor office. 

Not that you can't make money there, just not where I would put my money, especially as an out of town investor.

In a town of 75,000 have found that Facebook is the most effective way of marketing.

Everything is way too expensive here and it's not my favorite town, but I have to live (and rent) here for the next 8 years. 

PS ive bought a low cash flowing property Hoping for appreciation but it was way way below replacement costs and in a resort town.

That is really helping me change my paradigm into becoming a real estate investor who (for his first purchase) wants to live in a decent part of town for a year (because FHA rules state the buyer has to live in that house for a year correct?)

We have an inspection to do but it was built in 2005 so I don't think there will be anything that will change our minds.Should I start advertising the rental available for November 1st knowing I won't be able to show this until mid October?

Now I own a property built in 1950, that I did a gut rehab, no problems.

It used to be a small town that was separated by farmland.  

One development that just started are pretty much starter homes built by centex and they are in the $215-$260 price range.