We ran numbers on a lot of properties but were strict on finding one that work.

And there are strict loan covenants  that require doing on going work with Naca  deed restrictions on when you can sell etc etc. 

@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.

If they have a lot of people there, that's fine, just be strict with your numbers. 

Draining in a bathtub is not code compliant.

Can obviously mitigate access to the property by disabling the code if using a smart lock, but other than that, are there any advantages/disadvantages that you've seen?

St Pete, Gulfport and Pinellas Park - though they are neighboring are separate cities with differing zoning codes. 

At worst, and I guarantee MOST fit this group, you get pitched because you just said code for "hi, I'm a paycheck, come and sell me".......If you have 0 focus or intelligent direction for your $$$$, do the smart thing, hire a professional who does and does this as a service. 

Madison has pretty strict short term rental rules if you don't live at the property, so mid term furnished rentals is a strategy I have seen done here. 

I get that there are regulations by the municipal, but are they so strict that certain builds aren't allowed throughout a whole state?