There is also going to be less competition. 

the #1 thing that i have learned about real estate is that pretty much everyone you deal with is going to be hilariously greedy. this isnt my experience 100% of the time, but it is like that 99% of the time.i dont know about you, but seeing a property that is reasonably valued at $120,000 listed for $205,000 is outright ridiculous to me. all that tells me is that the owner is not in a desperate situation. most deals can only be had when the seller is downright desperate from my experience.in terms of deals ive seen hat are good in florida - i have seen absolutely zero since then EXCEPT maybe one, which was in a slightly remote location. the name of the motel is the Tangerine Inn (find it on google) in Volusian county here in florida, and i believe its a 12 unit foreclosure a few years ago that was listed for $160,000. the low price piqued my interest, and upon inspection, i saw that it was actually a doable deal, but only average. there wasnt a lot of competition nearby, but the place was very old looking and outdated. it required about $90,000 to fully renovate, and maybe $40,000 to get a few rooms up and running at first.a few weeks ago, i checked the volusia county property appraiser and saw that it sold for $60,000 in 2014 which was not bad at all. i called them and they charged a ridiculously high $80 a night for a crappy room. my guess is that they average only about a 35% occupancy rate whereas i have about a 90% i maintain throughout the whole year.besides that, every pther motel deal ive found online through sites such as loopnet were hilariously bad. $600,000 for a 10 unit motel. $950,000 for a 13 unit motel in clearwater beach.i will add more to this soon

Same day auctions drastically reduce the pool of potential buyers (your competition) because of all its stringent rules.Therefore that is where you could find your best deals.

That will be your competition so I'd call around and see what new 2bdrms are going for in that area. 2011-2014 I paid  $1300-$1450 (rent went up over 3 year period) for a brand new 2 story, 2 bdrm loft and had a gym. pool, business center, etc - those bldgs also offer low deposits/move-in incentives since competition is high for good tenants.  

You can do it here but it is extremely competitive getting deals 60% to 70% below market value.

Bottom line the best agents who can find the deals you will have to conform to their SOP's not the other way around buyers are dime a dozen and high maintenance one's who needs them.. remember your competition is someone like me .. if your looking for undervalued off market properties..

Real estate isn't a zero sum game or competition.

And those were his words, not mine :-)@Rick PozosOur competitive advantage in real estate has been our financing. 

Because most of the new ones are being built a little further out, the success that I witness and am a part of are primarily resales that the new owner upgrades adding a number of amenities that today's vacationers want and that make the vacation home stand out against the competition. 

Lauderdale are very competitive markets.You'll definitely want to focus on finding your own off-market deals.