Your advice about gradually raising rents to minimize turnover is a great tip that I’ll be sure to follow.

Purchasing a “distressed” property and “repositioning” it requires significant capital for improvements, build outs, holding costs, maintenance.In looking for that “needle in a haystack” slam dunk great deal you’re competing with very knowledgable, greatly experienced investors with the cash to make no contingency offers and close in a few days.  

I think courses are great as long as they are reasonably priced (think $500 or less).

.) - but the other units have great tenants who take care of the place, are quiet, etc.

I'm in Oviedo nearby, love Ormond and it's a great market!

Any advice or guidance would be greatly appreciated.

It’s great that you’re being thoughtful about the process!

I use the fix and flip tab and it's great it tells me my allowable offer and all the tools are helpful!

I buy to rehab and turn into rentals so Pinson, Pelham, Bessemer are a great fit for the areas and returns I'm looking for.

I second @Erik Estrada Chase offers great programs for business, multifamily, and conventional loans for commercial properties.