At the auction I was able to talk to a couple other wholesalers and ask some questions and get some business cards and After the auction her and her husband invited me to lunch and I was able to sit down and talk with them and build a really good connection.

Building a true buyers list requires networking and effective marketing channels, especially if you have the capacity to expand beyond your local market.

SWFL We Have A ProblemA year and a half ago I sent an update with a warning that there were several factors that were potentially going to impact in SWFL real estate including immigration laws that were passed.

Couple hundred bucks a door (after PITI and budget expenses) , double digit ROI, and yes, the prices appreciate and you build equity.

Painted the buildings and Managed the property myself.

These factors didn't keep me from buying though, while watching some other small markets in the region where average nightly rents were sometimes higher. 

It is always good to build your network locally.

Ensure the property is tested and, if necessary, remediated by professionals.Permits and Code Compliance:Building Codes: Ensure that the restoration or rebuild complies with current building codes and regulations.

Those who have yet to buy a home (millennials and younger) are going to get completely screwed and have little to no ability to build wealth on their own through real estate due to cost of housing compared to incomes and the only way they will be able to do it is from mommy and daddy hopefully having significant equity in their home.

@Nitin Gove check with the new builds what the guidelines and restrictions are for rentals.