I've looked over a few of the economic development plans in my surrounding towns.

I graduated from UMass Amherst in 2005 with a double major in Accounting & Economics and then subsequently obtained a master’s degree in Accounting (also from UMass).

The central FL market has pretty good economics to be sustainable.

Seeking advice from an attorney in the area where the property is located can be a wise and very economical decision considering the alternative.

Although there is a general economic mess now, different places will have different economic situations.

Welcome to BiggerPockets @Daniel Foster .I've heard nothing but great things about the deals and economic drivers there in Memphis.

I do have an OK foundation in real estate investments and economics which I gained from my time in school.

This was during the early 80's when we were suffering the effects of post-Carter era economics, stagflation and high interest rates.

You can call their economic development office to find out what incentives they're offering and other details on their revitalization plans. 

To justify that they offer various incentives and guarantees operating on the law of averages that they won't have to honour those guarantees too often.To ensure that tenant selection is critical.Other companies like @Chris Clothier spend big money doing top class rehabs on their inventory and so they have a huge vested interest in ensuring tenants are not going to damage pristine homes so again tenant selection is critical.As Curt pointed out earlier, specifically in Memphis, a high percentage of the city has criminal and economic damage so you have to be realistic about what a good tenant is.We have a lot of homes in Memphis and it took us 3 PM's to finally get a good one.