If you can buy and hold, you will make money in the next 3-5 years, even though you may have a temporary negative equity experence. 

Do you think it’s better to buy a single family rental in the Saint Pete or the Tampa Bay Area?  

The third pic is ten percent down with us us buying the rate down to 4.5 percent.

In the end we did not feel like we had a lot of choice because we really did not want to lose the contract to buy the house.

It is predicted that the number of foreclosures will increase and I would like to capitalize on this as a mechanism to acquire properties. Looking for mechanisms where I can get money to get foreclosures under contrac...

IF you're in a HCOL area or HCOL region in a normal area, definitely add a bathroom it's a huge appraisal add and game changer. 10-15 years from now when you sell, nobody wants a 3/1 now and won't then. 3/1s stay sticky in any market I'm in, I'll buy distressed and add 1-2 bathrooms and get a huge return on just that. 

This means we need to buy under an LLC and not our personal. 

The great. thing about the 1031 exchange it is will allow you to sell in Tampa and buy any type of real estate anywhere in the US.Here's one caveat to explore however. 

Quite a bit of risk associated with the process and from what I am hearing from those who used to be more active buying tax sale properties in Philadelphia the risks are no longer aligned with pricing concessions.

In a free market the rents would reflect the scarcity of a great product but the government tries to meddle in the free market which at least in the short term increases the scarcity.