Or do you try to manage them on your own....from the other side of the country!

Because there is so much competition your prices need to be competitive, so I wouldn't go for anything too expensive on the far north/northwest side of town (personal opinion).

(On the plus side, by thinking of this ahead of time I won't be rushing in April)@Ashish Acharya thanks for the tip on S corp taxation.

On the flip side if it was significantly distressed it's possible that your hypothetical $30k actually added more value than that to the property. looking at it in terms of percentage isn't really the best approach to look at how much value you've added to a property. 

Clearly people are trying to take advantage of a hot market but what’s the best approach to take to let people know that the house is not worth anywhere near what they’re asking and basically should still be priced right where it last sold in April?

I know from searching the member area, there aren't many members in the Wiregrass Area to connect with, but I am eager expand my knowledge into the flipping side of real estate and look more into taking my career to the next level. 

On a side note, I think once you look at the actual results of our local tax certificate sales, you’ll look for a different investment vehicle. 90% or so of the certificates went for a rate of 0.25%.

I am new to the LLC side of things, but currently have two houses and a duplex, so I would like to create a relationship for future problems that may involve a lawyer.

So all the neighbors are also going to be on the HOA's side.

Investors in hot markets know they’re in hot markets and for all you know he may just be testing the market.