February stats for Pinellas County (St Petersburg & Clearwater being the two major cities) were just released.

For my first deal I don’t want anything major.

And when I do, I get outbid at far beyond asking (which I'd be open to do if I were buying a primary, but seriously eats into the already small margins from an investment standpoint) I’m from California, and I know the market is in a major upswing here, do you guys feel this is the case nationally?

-bought for 180K-conservative value today 250K (potential net from sale - 50K)-conservative potential rent - 2000 / mo (potential net monthly cashflow - $800 /mo-currently a small pocket neighborhood with no through streets that feeds into a great elementary school and good middle-high school "Problems:"-our street, currently a dead end is about to become a through street that will become a major shortcut for another 300 or so house development to our West to get to the highway and the grocery store.

@Brian HaleyIn the majority of states, property value is assessed for property tax purposes every five to seven years.

I think that's really up to your local buildings department, but I'm sure you could get away with it.

I will say it's better if you owned a multifamily (duplex, triplex, so forth) that way you have less chances of losing your monthly income if something breaks or there's any major damages to the property. 

One for a cash out re-fi (can be a conventional mortgage which would be better terms), and one for buying the investment property (commercial loan department of a bank).If you don't need to finance any construction/rehab, I'd recommend republic bank.

If you can come to the city to visit that helps but often, as a majority of properties are "curb offers only", buyers will come out for inspections after the offer is made and then go home and complete the rest of deal form there.

Ian, please message me with the contact information for your property tax appeal specialist.I was told by Scott Phillips at Allegheny County that the increased assessment is due to permits being taken out to do a major rehab on the house by the former owner.However, as an attorney, I know that the county cannot simply send out an increased tax bill without first sending out a notice of an increase of assessment like it did because that violates due process.Thanks.