However I've decided to start taking the initiative by searching for off market deals in my back yard in Daytona Beach.

Our initial time frame of 6 months went in a snap and 1/2 of the landscape and exterior finishes couldn't be completed in winter so it dragged on till spring. ( we took out a in ground pool ). 

(Ex: Filling up a pool, running the hose for hours for gardening, etc.)You do not have to pay for water bills for a well that is already established, but if you're talking SFRs, you shouldn't be paying for water as the landlord anyways.

If they can't collect 90%+ on current rents (should be a bargain for the area) you have to come up with thoughts on the rent pool for the area, it can support $850, if tenants with income to support $850 will want to live on that block, etc.And - to be intentionally glib - almost all deals will pencil out if some rehab will support a 71% increase in gross revenues.

Brush your teeth and floss everyday.The same goes for real estate.HVAC units,swimming pools,termites and critters,and appliances need regular inspection and maintenance before they fall apart or rot away.The roof should be inspected after every harsh winter to check for minor damage to repair before it eats away the entire roof over time.Looking for small problems to fix every 6 months can keep your property healthy longer and your cash flow swimming.

If the back yard fence rots, you expect the association to replace it, but they may or may not based on politics, budgets, etc.

You could see Evergreen Cemetery from the backyard and it ended up selling $37k over list price.  

Some things you improve just to improve the look of your property and your tenant pool, like siding and landscaping. 

I'm interested in multi tenant retail, offices and multifamily, and mainly looking for brokers with access to a larger pool of off-market deals.

However, a couple of years ago he did it here in LA, so I went out of sheer curiosity since it was in my backyard.