I have sold many of these to CA investors looking for positive cashflow yield+strong rent growth/tenant quality.You also can cashflow in lower class areas but really need boots on the ground to make those work, not recommended if out of state.

Maybe focus on short-term rental conversions, given your background, or offer specialized services for out-of-state investors looking for a “boots-on-the-ground” partner.

They are boots on the ground and know what's going on.

It's not a waste of water if you're on a well and the hot tub is drained in the yard, which the ground would soak up.

We are not investing in tech startups here.In negotiations, you might not always get down to the exact current income value, but by anchoring your offer on the facts, you can often pull the seller closer to a realistic middle ground.

I’ve done rehab before and know how to cut costs there but have never built from the ground up.

I believe there’s a middle ground to be found, and I remain hopeful for the next three to five years.Has anyone heard from friends, family, or fellow investors expressing concerns that Florida is becoming a risky place, causing them to shy away from buying?

If you can't visit the property yourself, I recommend having some 'boots on the ground'—someone you trust who can visit the area, walk around, and send you videos.

Seriously considering but I need boots on the ground to service correctly.

Eventually I do think it would make sense to hire someone in the area though to help do somethings as boots on the ground.