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

We recently bought a property with an extra lot. 

I'd never buy a development unless I was confident in the valuation and there was data to back the feasibility of the build. having preliminary approval is very different than permit ready where you can put a shovel in the ground day one.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

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.

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

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.

It's obviously depends on the market you're buying it.

If the value goes down the tenant doesn’t buy or renegotiates and you lose.

If you just want to pick investor's brains, I'd start DMing people in your market right here on BP and buying them lunch or coffee.