North Pinellas County FL properties - Worth it?

[Mike Snyder]

I've been talking to people in the northern area of Pinellas county (Dundein, Crystal Beach, Tarpon) to get a feel the REI potential. Looking at a few a off-market properties it seems like the smaller ones in good areas have great potential, but only for major rehabs - simple floor and paint jobs just don't have margins to make sense. Does anyone have recent experience in the area as to ARV vs. purchase margins you've seen?

Any insights for the area would be greatly appreciated! Thank you.