I don't think $175/month is good in Florida (or anywhere) for 30 percent down, but it also depends on what the rest of the block and area is like and if there is appreciation scale.

This Wikipedia page gives different wall types and how well they block sound.  

Downtown is about 10-15 years in to a gentrification cycle and varies from block to block. 

Double or triple that suckage for anything less than C+/B-   If you wouldn’t be willing to walk there from a couple blocks away at 10PM, that’s a hard pass in any market. 

I will be using this as a building block on how I manage properties in the future so its important to me to have a basis to start from. 

The city operates on a block-by-block basis, and understanding those nuances takes legwork—or working with someone who truly knows the area.

That’s when working with a CPA isn’t just about "getting it right"—it’s about proactively reducing your tax liability and setting yourself up for long-term financial success.TurboTax and basic tax preparers like H&R Block handle what's in front of them.

Do your due diligence.furthermore, are there any burnout houses close by, is it in a safe neighborhood, is this in a rural area, is it a metropolitan area, what's the economy like there, just because other places nearby are renting doesn't mean that your house one block over is not next to something that is uninhabitable, or poses a security risk, or maybe near an abandoned field, a graveyard, an airport, many different factors there to consider.  

If fully updated, market rents could be 5K a month plus utilities etc.The office space is currently being used as a medical office and it's a block from the hospital so there is always a good pool of rental candidates. 

I am just out side of Elkhorn, WI and selling our property the is 5 blocks from the lake.