Right now, the next property will be my 10th FHA loan, and I will need to secure financing elsewhere going forward, which is why i have paused at this stage to make sure I have my entities in order.

The only way you'd have CoC at or below your cap, would be to have 1.5x the 20% down payment tied up in the property (excess being closing costs, reserves and/or improvements). 

JonesIt's all about personal preference and life stage.

But in most major metro markets I would not count on much short term capital appreciation at this stage.

Depends on a lot of things: are they putting in all new mechanicals, what is the debt service, etc.I would add if they are making $150-200 in extra cashflow (after expenses) a door and have excess reserves, they are doing it right IMO.

Hey guys and girls,I am just in the beginning stages of real estate investing.

I'm in the early stages of preparing to buy my first single family home.

A lender whose interests are wiped out will likely, pursuant to Florida law, claim an interest in excess funds following the tax deed auction to the extent there is an excess remaining following distribution to governmental and other prioritySOURCE:  https://www.scribd.com/doc/35872761/FAQs-on-Florida-Tax-Deed-SalesAdditionally, you now also have proof of tax lien notice with the lender through your conversations with them. 

If you underwrite conservatively (excess cap inflation, excess interest rate increase, pad your expenses to give your NOI some room, leave some upside in your rent projections, double your economic loss from today's averages, etc.), you can significantly outperform if everything goes right. 

@Aaron Gordy ..That's fine - I hear you,    but I have in mind people who often times buy cash, have their own contracotrs/crew and know their way around (local bldg dept, etc ) and they specifically feel that the commissions paid to agents in prior transactions have been excessive and try to find any way to strike what they feel is a fairer balance.