Accreditation today has a seemingly lower bar than it was, say, ten years ago due to inflation.

These include the actual cash flow (NOI), Your net cash coming in after expenses and allowancesDepreciation - the tax benefit that lowers your taxes. 

Tons of R6 lots still available in the area with lower price points for new homes.

In San Jose I think that lowers the school fees cost/taxes etc.

From alot of investors on the forums, Orlando appears to be a saturated market with more barriers to entry in order to have a performing property in that area.

When your rehab is done, hopefully those rates are lower!

If the answer to both added questions would be "yes", then you have a potential goldmine here.Combining the seller's concerns, and the reality of a big down payment being a negative to the seller (see Q: 1), you should be able to set the terms, with a lower DP, and controlled interest rate, to have this property CF and,...be able to sell the package to another REI down the road,...as long as you buy this using an LLC (a new one). 

But look out, lower cost management companies make it back through add-on fees, so scrutinize that agreement carefully. 

I rushed over and when I got there I found about 20 couples, all obvious newbies....the comments I overheard were - "I don't like the color of the walls in the entry"...."

Cap-ex was needed for:* Original 1960s kitchen, appliances out of order* Original 1960s Pepto Bismol colored tiles in the bathroom* Tobacco and marijuana stains/odor in every room* Stained carpet covering damaged hardwood* Broken side door from forced entry by police* Zero recessed lighting with 3 layers of blinds on every window* Lots of trash in the basement both on the floor and mounted to the joists overheadCheck out the Zillow listing at: https://www.zillow.com/homes/119-Jasper-Pl-Alexandria,-VA-22...What made you interested in investing in this type of deal?