Other than a post or two on social media I haven't done anything else for lead generation and to build a client base.

At this stage, based on your post, you would wait until its listed then contact the listing agent to purchase it.

Make your offers based only on what works for you, not what it takes to get the property. 

We may need to make another trip to go check that market out.No worries, if you ever want more advice on the market , I am happy to offer some of the knowledge based off experience.  

We have about 50 properties under management in Kissimmee and Davenport, and can definitely help you with a step by step guide based on our experience.

For instance, if your property is listed for sale below its appraised value or if you reduce the asking price during the listing period, most lenders base their lending decisions on the lower of the two values.

Establish the value based on your own market analysis.Your property is a rental once it is placed in service - typically the date it is advertised as available.Check your home owners insurance policy and make sure it covers rental operations - I expect it does not.

Keep plugging away and you will find your success....Your success is based on the work YOU put in....

After all, I paid county taxes based on that.Or, if we were mandated to use the acquisition cost (195K), shouldn’t we apply the same percentage to it (as in 78% of the purchase price)? 

Based on what I see we'll get more like 3-4% this year on single family in most areas.