Welcome @Wesley Stoodley to MN.Was it culture shock or temperature shock that got you?  

Second, the rise of the internet has made it much easier for sellers to directly observe the characteristics of other houses on the market and to find recent transaction prices, reducing the informational advantage or realtors."  

To put this in perspective, low-rise lot inventory has been on a steady decline since December, 2005 at which time there were 16,500 units available, representing 13.5 months' supply.

Although another consideration is rising rates.

But one thing is for sure: Prices will continue to go up and interest rates will rise, reaching the point where supply meets demand and new construction cost the same as existing housing, and then we'll see a shift into the favor of buyers and a downturn in the real estate cycle that's been cycling along forever and ever.I could go on, but to sum up: Buy a duplex in 2017 as soon as possible so you get the lowest price and most appreciation, get a roommate in your half and rent out the other so you can live there for as close to free as possible, speak with a tax advisor to maximize your deductions, and then wait at least 2 years before selling so you'll be exempt from capital gains, and then sit on your money or put it in another investment for a couple years and wait for the market to bottom out, and then purchase as much property as you can.

I explained that it is typical for the rent to rise in the second year (~5%) and instead of having the lease step up in the second year both tenants agreed to split that increase and start the lease at the higher rate.

Many people are moving down here and rent is rising.

Hi,Do people see Daytona as a place on the rise?  

In that instance you would need to underwrite the deal as bank is saying 4.5 today but project rates rise to 4.8 by the time you close in 45 days and see if it still pencils.Don't do a deal based on everything going perfectly in a purchase or you are setting yourself up for disappointment.

Here are some stats that I will be sharing with our owner/investors:Average rental rate is $153120 Year trends- 1996 to 2016 Median price is up 3.99% in 20161996 interest rate average was 7.12% and 2016 Average Interest Rate is 3.67%Median price in 1996 was $115,000, median price in 2016 is $207,000Average days on market 1996 is 117 days, and average days on market for 2016 is 82Rents have been rising faster than house pricesMy husband and I pride ourselves on being Real Estate Advisors; finding good rentable neighborhoods, performing due diligence on rent rates, hoa fees, county codes etc...We are also certified property managers thru roofstock.com. these are off market homes that are already occupied, inspected and have financing available in a lot of markets around the USGive me a call when you come to town, would love to have coffee and talk about the market.