Help needed with my first multi family in Daytona Beach

[Scott Esmail]

I am in contract on a 58 unit muti-family in daytona beach. This is my first multi in that area and also with one bedrooms. 40 are 1 bedrooms and the rest are 2 bedrooms. I'm concerned if im going to be able to fill all the 1 bedrooms with quality tenants. Has anyone had experience in either multi family in Daytona or with 1 bedrooms, how are the tenants, is it hard to fill, do they turn over a lot? It is not close to any Universities and there are a lot of multi family buildings in the area which also makes me nervous. the tenants that are currently living there I believe most of them will have to go because they are not qualified. The building is in bad shape and has not been well maintained im just not sure once I fix it up and turn it around that I will be able to get decent tenants. I have looked at other properties close by and what type of tenants they have however none of them are 1 bedrooms. The complex is very tight quarters with the 1 bedrooms only being 600sqft it is almost like a motel style on the exterior, which also makes me nervous what type of tenant I will get. The rents are low right now but can go up some but nothing spectacular. I want it for long term not to flip so not sure if it is the right property.