Essential/Not Essential? 

Essentially don't send me ... or many times i will say look out and high light for me a property that may scare others away and is priced accordingly or a property that seems to be priced a certain amount below market.

Pinellas offers some of the worlds best beaches, and industry with several large publicly traded companies calling it home.The area was the first "suburbs" of Tampa, its a quick drive across the bridge to the airport, the Westshore business district and really down town Tampa.  

I appreciate your comments, but you can essentially build net worth through cash flow properties as long as you put the cash flow in the right investments.

How often do they adjust and what are they tied to, Libor, 11 district cost of funds etc?  

These guys sell on "draconian" terms and wind up taking the property back in a couple of years, essentially setting up a series of buyers to fail. 

It's also not a business for people with little to no capital.Maintenance and watching your expenses are a part of the game.Successful landlords have systems in place to deal with problems that come up and they SCREEN tough as your tenant is essentially your business partner.Another thing, you make your money when you buy correctly... applies even to landlording... certain areas and price points will attract certain tenant quality.

As others say... screening is essential.

short sales DO take forever but its one of those things that once you get it done, you move on and work on more deals, then when the check comes in, its like a nice surprise bonus :)but you essentially run your scenario by the agent (find someone who specializes in short sales though) then the agent should be able to direct you from there.  

I'm pretty keen on the properties foreclosed and for sale in the Boston-Edison district.