This looks like a 700 or 800 square foot apartment to me, not a million dollar home. $34k is a lot of $ to spend on a rental unit rehab.Whoever owns this property, (it's unclear if it's actually OP's or not from the comments...?)

I'm sure there would be a lot less BP people being lead astray by all the 21 year old Columbus kids who don't know their foot from their elbow.

Otherwise, I think the main issue is "creative financing" still requires "desperate" sellers, those that have a particular massive "pain" that just needs to be relieved in anyway. 

It is a 1270 square foot house with 2beds/1 bath.

about $50-$75 a square foot 

It won't be amazing but get your foot in the door

If your friend is ok with breaking even on his mortgage and not concerned with cash flow, it's a great way to get your foot into the South Florida boomLet me know if you have any qs

My Wife and I purchased a 4+ acre property with a 1930’s 3 bedroom, 1 bathroom, 1200 square foot house and a large wooden workshop.  

I’m so relieved and happy to move on.  

I get MTR leads from Airbnb and do bookings through the airbnb platform.I use apartments.com to manage my Long term tenants and collect rent.What do I need to keep in mind for starting off on the right foot for book keeping?