I think there are a lot of unmotivated sellers testing the waters,  listing their dated home with deferred maintenance at 5% above the nicely rehabbed flip that just sold down the street.  

Not this year or last year, but the long term averages over the last 30+ years, certainly long enough time period to capture both up markets and down markets and being careful not to cherry pick your start or end dates to be an up or down market.If after underwriting with those averages and other reasonable projections you still like the investment under nominal scenarios, then you need to stress test your investment to make sure that under any bad (but still somewhat reasonable) circumstance you have the intent and ability to hold onto this property, or at the very lease have multiple exit strategies to sell at profit if you need or choose to.

Yellow paper, red ink...its been tried and tested over and over again, stick with what works. 

I may be interested in building there as well to test the waters. 

Hi @Robert Verdi I'm a newer investor and just passed my salesperson test.

not a letter, but we put a bottle of champagne, some soda and if they have kids some icecream in the fridge.

Most states have specific tests as to what it takes to pierce the corporate veil.

Since I was in Texas and planned on staying there I found out that I was qualified to take a test for a broker license so I took the test and got my license but have never done that full time.Regardless of what I had I felt more comfortable with the construction business.  

I'm interested in connecting with investors, wholesalers and  other investor friendly professionals in the Amelia Island area.I've been investing here in GA for the past 10 years but would like to test the waters in FL.Thoughts, ideas, suggestions are welcome.Feel free to pm me if you wish.Thank youLS 

We are in several different markets now, and we are tested everyday.