These are few road blocks to consider. 

You will need to install outlets, switches, and lighting fixtures as needed,Plumbing: You will almost certainly need to connect all drains to the sewer and bring in water lines.Windows and doors: To provide natural light and ventilation, you will need to add windows and doors to the garage.

Which partially implies that I should expect plugged drains, etc. to continue throughout.

You might not be able to do a STR in that place so you could have an out with inspection and save yourself some headaches.EDIT - Again, useful link blocked by the forum----https://www.orlando.gov/files/sharedassets/public/v/1/depart

On one of my latest deals on the south of Chicago we had intended to flip, but ended up having to refinance instead of taking a loss.We actually didn't want to BRRRR because we didn't love the neighborhoods and block...so far it has worked out alright. 

It is still transitioning, so it is block by block, but the rents have been pretty astounding. 

The most successful D class or 100% section 8 project I ever ran into was in Hattisburg MS. the original owner built about 20 little stand alone units  on the property and each was built with cinder block so very minimal sheetrock inside.. concrete floors throughout with drains in the middle ( kind of like you see bathrooms in Asia and other parts of the world . 

The account has to be drained in 10 years right? 

For example:• 2 blocks down from the second largest hospital in the area so perfect for traveling nurses.• Needs lots of new paint, floors, wallboard, plaster repair, fixtures, and updated appliances.3.

My friends we are going to see Tomorrow live a block off the water and we have been looking for lots to do an infill there with no luck the last 3 years.