It may be a little scary but if you go higher on your purchase price, 400k and up. 

I am a rookie investor and have not purchased a property yet.Thank you in advance.

A seller can not sign away his rights in a purchase or any other document.

Quote from @Laurens Van swol: We are exploring the possibility of purchasing an investment property in Florida.

When the home was purchased, it was conventional loan and the basement had tenants.

Unless it is a new build, and it comes with purchase warranties are an extra cost and may or may not even be executed when needed depending on the circumstances. 

The biggest determining factors for STRs in the area are purchase or build price (and associated mortgage) vs rental expectations, that will help you determine net cash flow.

There are other submarkets of Columbus like upper Arlington that have higher like $500 per square foot but the purchases are tear downs at $200 per square foot so the real exit is $300 or so.

Purchase price 70k currently pulling 900 rent ARV 110 - 140k, rehab about 25k 

However, this isn’t a sign of a long-term shift—it's a temporary adjustment influenced by a unique set of factors.The good news?