If the property and its appliances have a good deal of age on them you might be looking at wiring, hot water heater, heating and a/c problems, etc. that could mount up into some serious expenses.

When doing my rehabs I'm going to introduce the hot water tanks that heat water on demand..

Heating system.

This is particularly true if (as is often the case) we get a "heated" exchange going on.

With no A/C on, in that heat and humidity fleas can be a huge problem.

Landlord's will be trying to get rid of their buildings because of the heating bill.

You really want to focus on the mechanical systems (roof, heat, electric, water)Just ask your lender about prepayment penalties... some have them, some don't.

I'm sure Florida is fantastic, but I don't really like the heat. so I'm happy where I am.Welcome Bruno

Also, their heat and air guy gives them an opinion.

meaning there has been no heat in the winter?