First I want to thank you for reading, I am new to the investment market and the idea is exciting and terrifying at the same time.A few facts:Purchase Price: 325,000Rental Income Estimate: $5250Property details: This is a 3 door property:1. 1/1(main building)2. 3/2(main building)3. 2/1(separate building)Repair estimates to get all 3 properties up and running: $145,000 - $200,000I do not have a ARV since its very unique there is not anything we can compare to but I am looking to get a third party appraisal.Plan is to do a mortgage for the property with cash down payment.

Especially when this practice is still our main source of income and will be for quite some time! 

If you're in a strong market, like the one I am and you can get a property rented out in a weekend while you have current tenants in place. therefore 0 vacancymy most recent turnover cost me $300.I've had other turnovers cost me $4k - that was mainly because of bad tenants who purposely trashed my place. 1 month in lost rent + repairs

To the best of my knowledge, and I am not an appraiser so I would recommend you verify this, but I have been of the understanding that there are 3 main requirements that classify a bedroom, a bedroom.

By last night and early this morning, I did suggest that they evacuate but that they could stay if they didn't have any other options (surge is my main concern, we are on the 18th floor so I don't think they will have an issue with that and we have Miami/Dade qualified hurricane protection)...BUT, I was very forthright that they would likely be without water and electricity and stuck on the 18th floor possible for some time.  

That will be your main constraint when making the decision.

Make sure to ask how quickly they respond to issues and how they communicate with you regarding repairs.4.Who will be my main point of contact?

The main thing I want to make sure is that this is legal.

However, Mario dropped us of at main checkin which was not correct for BPCon.  

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.