It's on the far NW side and has inventory in that price range, but consider that taxes are relatively high in Elgin VS most suburbs.   

My old mortgage company went out of business so I no longer owe this money14.

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Then out of the portion they keep, they pay income tax, E&O insurance, health insurance, MLS dues, NAR dues, continuing ed, marketing, car insurance and maintenance, retirement fund, etc. then live off of what's left.

Tax Benefits: Florida has no state income tax, making it an attractive location for investors seeking to minimize tax burdens.5.

Well damn, clearly I need better guidance on tax planning... what are some ways to tap into those losses aside from selling?

I'm currently living down here but all my financials (assets, bank accounts, income, tax filings, etc) are in the US.

Am I still required to send a security deposit statement showing the amount they owe to me? 

I might be wrong but I am assuming the houses are also appreciating just because of the overall housing market trend but I believe the university is also expanding, thus increasing property taxes.

Normally, anything at a bar and for real estate investors is a good networking venue (also drinks can be tax write-offs).