its great that you are taking the leap into Real Estate investment, and Venice Florida, its an interesting market with its mix of vacation and long-term rental opportunities.Given the current market conditions you are describing - stagnant with a surplus of inventory - there might be some advantages to exploring both vacation and long term-rentals.  

(we met some of those room-mates and they gave us the scoop as to what was going on).The building is great - brick, newly built, good condition - and based on our comps - each of the 3 bedroom 2 bath units should be renting at around $1800-$2200/month (current condition vs fixed up)The leases were were given (signed March 1 and we bought building on March 3) are $1000, $1100 for the 3 bedroom units of sis and bro and $1300 of the tiny basement unit rented by non family members.  

.- no description of condition was provided- it has historical appreciation below the inflation rate.  

If you did I would be concerned that a renter would contact, you and ask you to change the conditions of your advertised rental.

Age and condition of property operating systems9.

Praise the good attributes of the home but respectfully express your concern for the current condition and ask if there is some help you can offer.

Interest rates are just one component of the economy and you have many different macro-economic conditions that impact housing such as job market, inflation, debt loads, lending standards etc. 

I had the answers that showed I did my job keeping his expenses as low as possible while also keeping his tenants happy and his property in top condition. 

In TN if they do not attend this inspection their rights to object to the condition of the property is pretty much non-existent. 

I was looking for potential Fourplex / Duplexes that are in good condition and living there for a year perhaps however.