Jaime The cost approach (land value + depreciated cost of improvements) is typically the least reliable indicator of value.

Additional research indicates that this state already has settled case law on the matter.

@Frank SichelleThey all have the past performance is not indicative of future success and for anyone who shows a history of prior returns without having it third party verified is like saying I went fishing alone and caught 20 fish including the largest bass ever.

for non commercial residential I saw a study indicating that 97 out of 100 largest cities that it is initially cheaper to rent than owner occupy purchase.  

I would definitely consider selling.Long-term appreciation in property value can occur for several reasons, but not all of them indicate a real increase in value.

@Richard Schubert I'm sorry that you didn't win the bid but this doesn't not indicate a seller's market.

The market analysis indicated a strong opportunity for a profitable flip, making it an ideal investment for us and our partners, Julie Muse and Cody.

Saint Pete proper (city limits) is a 30 day minimum but as you indicated IRB, Seminole and some others jurisdictions like Largo etc are legal.  20% CoC is tough, but not impossible. 

I asked this very question to former head legal counsel of well-known title company here in CA.His answer: “It depends.”That was helpful.As the prior poster indicated, each of these cases are unique and have their own facts and circumstances.

They stated yes they look for indicators and then they run in the locations the person reported living in.