I recommend being more specific, consider the number of comparable rentals, not just the total number of rentals.If your rental is $2000/month and you see rentals at $3000/month with long time on market, that is interesting but not as directly relevant to your situation.

Doing a quick scan on the MLS there are plenty of properties that look nice and are in my budget range.

I thought maybe I could solve this problem later and just pay the minimal taxes on it until then.Turns out, that BP commenter put me in touch with a specialist that has been helping take properties out of flood zones for 20 years (win #1), the commenter himself is a developer with experience and a heavy desire to find good land in FL to develop (win #2), and come to find out this commenter has plans in the works to start an equity fund specifically for delivering affordable housing (win #3)!

Hey Michael - I'd love to give you a specific pointers if you'd like me to run an audit of your listing. 

Learn everything from the nitty-gritty of creating a comprehensive budget and selecting the right contractors to the art of effectively managing renovations.

They have very good discussions about specific areas for many cities.

I just think it's funny how some people (not the OP or anyone in this thread specifically), like to romanticize the "free market" until it effects them in a negative way personally.

As for learning, what specifically are you interested in?

At the end of the day, this all depends on your budget. 

If you'd like any more specific information let me know.