I have been investing in Miami Dade County area, so i can't talk for the rest of FL that is a different beast, county by county, so I give you my point of view of Miami.The key point is which type condo are we talking about: newer >2010 condo, old condos, in key growth areas or not.Data, as always, speaks: condo sales ares slowing down, overall Miami is close to be a Buyer market overall (it is already a Buyer's market in many zip codes...), while appreciation is on average +5.5YoY.

VT will pay $30-50k per unit to rehab units and bring up to code, vacant units and will execute 5 years leases paid by the state.

If you could direct me by zip code within Rochester, NY.Many thanks in advance

Infact 29 offers may be more than they get for an entire zip code. 

If you could direct me by zip code within Rochester, NY.Many thanks in advance

You can sign a new lease with your new tenants, but I would say you should honor the lease rate of your tenant still under lease… but definitely have them sign your lease because without it you have no agreement with them between you and them.  

In my area when you sell a property leased you HAVE to honor the lease.

Sure, but self immolation is not the badge of honor "typical" investors think it is.It's a lot better to understand how to buy cash flowing properties, that appreciate over time, that have tax write offs and are in decent neighborhoods.

@Dave Rav - I agree with the others that there is no really good way to estimate insurance costs, but I've found some consistency within a particular market/zip code if the rebuild costs and deductibles are the same.

S**t happens in life but you still honor your committments.