Would like it to be in Clearwater but I'll listen to anything located in the Tampa Bay Area. 

He owns six investment properties in East Bay cities that do not have rent control.Like I said, evil genius.

Trying to estimate the profitability of a rental in Tampa Bay (or anywhere else) by deducting a fixed percentage of the gross rents or the gross purchase price is just not going to work.

We actually own a great cash flowing house there, and I am in Palm Bay / Melbourne area, about 2 hours away and I can tell you it was well worth the purchase.  

He's got the property and the financing 100% in your name, like a good flipper you are in and now out of ownership in that property with hopefully a tidy profit, him and his wife live happily ever after, everyone gets what they want.I have no idea what parent to child transfer rules are in PA, in CA (and specifically the Bay Area with our crazy transfer taxes) this would almost certainly be the way to go in order to dodge both transfer taxes and a property tax reassessment.

.:-)I own a home (#1) in the Nor-Cal South Bay-Area - which I bought a few years ago, for a little under $800k.

There has also been talk for years about development of bay front from industrial to residential use.

I am targeting the Bay Area in Northern California.

We own two properties (1 rental and 1 primary residence) in one of the hottest real estate markets in the Bay.

I am currently an active realtor in the Tampa Bay area!