." - Notorious B.I.G.

During which time you would have had to demonstrate continuous and unopposed, or “open and notorious,” physical possession of it.

I know they are notoriously difficult to appraise due to lack of comps.

Rhiannon Then Flat roofs are notorious for leaking, but if it wasn’t leaking at the time of the inspection the best an inspection would be able to tell you is that it might need maintenance.Is the car port mentioned anywhere in the report?

Tenants are notorious for forgetting to do that.Foundation problems are not uncommon due to the soil.

BPO's are notoriously sloppy.....the agents get paid about $50 per BPO, so how much time do you think they put in.  

Section 8 is notoriously unreliable so you may want to avoid them.

@Sarah Montgomery be careful in trusting the numbers provided on a restaurant/bar - owners are notorious for claiming there is more cash than actually being shown and hiring labor that doesn’t show up on the books (not all owners, but many).I would suggest buying the business and the real estate in separate entities with different financing structures- you will get better and longer terms on the RE than on the biz.

For the price point in which you are bringing to the table, I would search the outskirt towns of Tampa (booming sister-city to Miami/Ft Lauderdale), Jacksonville (currently going through massive overhaul), Tallahassee (state capital with a large state college, great for college focused rentals), Gainesville (University of Florida, large medical employer, and lots of natural geographic attractions such as springs), and I would swap Lakeland for Ocala (Lakeland is notorious for sinkholes which insurance will not cover, and Ocala is currently a big focus for development and tech moving in such as Amazon). 

(I had a lengthy conversation with the city permit department, and apparently this contractor is notorious for accepting money for work and taking off.