And what is your price range and are you looking for turn-key properties or something along the lines of a "fixer upper"?

I'd use an approved underlayment.Pro Tip: If it's cheap, it's not good.....at least spend in the moderate range.

I agree that rates have naturally adjusted with the rise in the Fed rate, and it seems like the 10-14% range may become the new normal for a while.I’m curious—what’s your outlook on how this rate range will impact new investors entering the market?

After 5 months we had a bad water leak under the house.

This downward trend has been consistent over the past decade, with annual declines ranging from 0.15% to 0.44%. https://www.macrotrends.net/global-metrics/countries/ITA/ita...3. 

I am seeing interest rates start in the mid 6% range for foreign nationals here in Florida.

This helps keep me out of hot water with fairhousing. 

You’re going to get a range of responses and it’s not that number that should matter to you, but the background behind it.

I also see your point about avoiding bargain basement properties, especially insofar as tax shielding is easier with an asset of a reasonable size.Your point about barriers to entry is also interesting, since I suppose those barriers can be geography (natural boundaries of mountains/water), but you're probably referring to that which impedes future construction?

You also mentioned an unpaid water bill, so be sure to deduct any outstanding balance from that bill as well.