But since I ran across this site I figured I’d ask you guys?

when i ran my initial numbers my profit margin was only about $5000, if everything went smooth. of course i went over budget, im in a very small town, my reputation and learning meant more to me then profit. however, luckily the market went up and and i was able to make a profit.

Folks who move from the Northeast down to Florida, realize that most of Florida doesn't have the weather, the low cost of living or the culture they assumed it had and end up moving half-way back home. 

I suspect the culture in Ohio will be similar.For "systems" I'd say to make a standard packet of info that has a sample lease, floor plan with square footage, list of "features" like what appliances are there or if there are storm doors, etc., an introduction letter, and an application. 

I ran my numbers assuming it would stay this way for a while. 

I ran comps out to a half mile and it appears the most recent sales of the most similar homes are 80-90k each.

ARV is actually $225k, I ran some comps and I am pretty familiar with the area since I work in acquisitions for a big buyer here in Tampa.I asked the seller and she said that she pays at around $150/mo in water so I left it like that, should I have tenants split the water?

Thanks for all the constructive feedback.Also, in case anyone's curious, I ran some math on both scenarios, using hypothetical purchase metrics, NOIs, and appreciation.

The famous 5th Avenue street offers an extensive variety of culinary options, vibrant culture and nightlife, exclusive boutiques, just a few steps from the beach. 

I ran your property on a rentometer comp and these are the current rental prices for your area.24month look back, 1 mile radius,24 sample size.4 bedroom house/duplex$1,371 ±3%MEDIAN$1,36325TH PERCENTILE$1,22275TH PERCENTILE$1,520Looks good to me based off of ask. gO FOR IT