You get a lot of bang for your buck for waterfront condos in SW Florida especially parts of Fort Myers and Cape Coral.  

@Alex Black I own about ~50 USC student rentals in Columbia and unfortunately have dealt with these types of issues when I first starting investing. 

For example, you buy the place and the tenant claims the Seller allowed them to paint the walls black or that their security deposit was $2,000 instead of $1,000.

I am getting close to 15 cape rate in fort Myers property. most of property meet the 2% rule.  

After five years of active duty I deiced a change of scenery was a good idea, which lead me to Cape Cod.My goals in real estate are buy and hold rental properties, mainly multifamily.

You can Click on The Icons To See Them betterHopefully the following Table will be readable  Overall Rank Overall Rank Total Score ‘Rental Market & Affordability’ Rank ‘Quality of Life’ Rank (1 = Best) City 1 Scottsdale, AZ 69.26 14 1 2 Peoria, AZ 66.72 12 2 3 Chandler, AZ 66.41 22 3 4 Gilbert, AZ 66.16 7 9 5 Fargo, ND 63.16 2 49 6 Bismarck, ND 63 3 50 7 Overland Park, KS 61.76 17 16 8 Lincoln, NE 61.41 19 29 9 Mesa, AZ 59.56 38 23 10 Tempe, AZ 59.5 28 28 11 Irvine, CA 59.49 111 4 12 Nashua, NH 59.48 57 13 13 Sioux Falls, SD 59.15 4 86 14 Boise, ID 59.03 68 15 15 Phoenix, AZ 58.63 44 30 16 Omaha, NE 58.31 27 44 17 Lewiston, ME 57.84 23 46 18 Glendale, AZ 57.52 37 40 19 El Paso, TX 57.24 50 37 20 Cedar Rapids, IA 57.06 5 81 21 Tampa, FL 56.59 130 7 22 Charleston, SC 56.43 59 26 23 Huntsville, AL 56.3 1 121 24 Plano, TX 55.97 66 35 25 Casper, WY 55.75 6 97 26 Henderson, NV 55.59 29 59 27 Portland, ME 55.47 58 36 28 South Burlington, VT 55.37 81 25 29 San Diego, CA 55.33 157 6 30 Rapid City, SD 55.05 8 100 31 Madison, WI 54.84 53 52 32 Fremont, CA 54.54 121 18 33 Reno, NV 54.44 34 66 34 Manchester, NH 54.21 72 38 35 Orlando, FL 53.87 139 17 36 Fort Smith, AR 53.8 9 108 37 Grand Prairie, TX 53.77 97 22 38 Tucson, AZ 53.75 56 58 39 Las Cruces, NM 53.7 13 102 40 Austin, TX 53.53 76 47 41 Amarillo, TX 53.37 42 65 42 Cape Coral, FL 53.22 145 11 43 Des Moines, IA 53.01 45 68 44 Huntington Beach, CA 52.8 161 5 45 San Francisco, CA 52.55 107 41 46 Chesapeake, VA 52.43 10 118 47 Raleigh, NC 52.43 15 113 48 Las Vegas, NV 52.38 40 77 49 Newport News, VA 52.19 11 120 50 Virginia Beach, VA 52.01 24 98 51 Colorado Springs, CO 51.93 62 64 52 Honolulu, HI 51.61 160 27 53 Jacksonville, FL 51.51 91 55 54 Santa Rosa, CA 51.49 165 10 55 Cheyenne, WY 51.45 33 104 56 Chula Vista, CA 51.26 146 32 57 Sacramento, CA 50.76 149 34 58 St.

Looking at long term trend lines I think we still have a 25-30% gap to fill in the next years and short of a black swan type event that will happen, because there is no way that supply can catch up with demand.

:-)A little background...I have been involved in buy-to-let real estate for the past few years in South Africa (Cape Town, Johannesburg and Port Elizabeth).

That can be caused by presence of black mold. https://www.moldsafesolutions.com/mold-rage/Do nothing immediately but if they report similar incidents again and again,  or the next tenant also reports something similar, it may be a time to explore this angle (instead of calling the ghost busters ) !!

This is a typical report from her - I've blacked out the tenant name.