Having watched this unfold on a smaller scale (~4500 homes) in north LA earlier this spring (Monroe area), I can tell you what we have seen.There are opportunities to purchase houses in disrepair as a significant portion of the affected were not required to have flood insurance.

You have been watching Chip and Joanna haven't you.

We've been reading all the books we can get our hands on as well as reading through the forum here and listing to/watching podcasts.

Net is after acquisition costs, remodelling costs, holding costs, cost of sales, taxes, overhead and pizza to the crew to keep them working instead of taking off to watch a baseball game.

I see new investors who buy these courses like the rare sea turtles my Mum helps watch on the beaches of North Carolina.

When I watch the webinars and they use Rentometer to get an idea on the rent in those areas.  

Has anyone else watching the PBC market noticed a spike in listings, price drops and re-listings all of sudden the past few days or is it just me?

@Jonathan Pflueger  especially when the lots sold for 990 to 2900 each :)  guy named George Triphon bought a thousand of them at tax sale.. he did that is Lake co also.. made millions in the land game in the 60s.. that was my incubator watching those guys work.. and listening to how they closed the deals.. :)Not sure when I would get down that way next been a few years..

watch tons of youtube videos for how to change portion of the roof, the rotted portion... and not the entire roof....There is entire art behind repairing the roof... literally... in all practical sense.... 

If you don't want to move forward, there's no shame in honorably stepping away and moving on to something else.This week's podcast leaves no one with any excuse that they can't achieve something in real estate.If you haven't listened to it yet, or watched it on YouTube, you should.