Not sure about Alabama, but in Texas the only reimbursable expenses are for safety, security, and preservation of the property. 

Just food for thought.

43 total units for 1.8 million-  Northeast Ohio, and hour from Pittsburgh and an hour and half from Cleveland6 six-plexes and 1 seven-plex C to C+ properties in a B locationBuildings will need roofs over the next 5 years, but no other major structural issuesIt appears to us that rents are at fair market value for the area, so there would be little room to adjust them upBuilt 1988-199027 units are one bedroom, 16 units are two bedroomWalking distance to several nice restaurants, gym, fast food, bank, multiple other commercial businesses.

Especially in FL your primary is your bedrock, anchor, safety net and basically untouchable except for foreclosure - just as OJ and Burt Reynolds and a few others can attest to. 

I know tenant safety is #1 and that's why I went through an entire rehab fixing many things I did not have to fix to make it livable.

How many of each fast food, hotel, insurance agency, etc are nearby?

I do have a “safety” stockpile account where I store money for these purposes: taxes, returned security deposits, etc.I have a w-2 job and am having taxes taken out for that.

We had to wear suits, respirators, safety glasses, and gloves.

Often mistakenly referred to as a type of construction or development, it actually refers to the type of ownership.condominium conversionChanging the ownership of an existing building (usually a rental project) to the condominium form of ownership.condominium hotelA condominium project that has rental or registration desks, short-term occupancy, food and telephone services, and daily cleaning services and that is operated as a commercial hotel even though the units are individually owned.

The reason being there is not really a "margin of safety" of only $40,000.