I have seen plenty of investors getting burned buying homes in very attractive locations only to find out it is not zoned for STR and ending up losing $$ getting rid of the property.

It’s near entertainment districts and good schools, making it attractive for families.33134 (Coral Gables) - This zip code includes Coral Gables, known for its Mediterranean-style homes and upscale living.

Installing a bike shed might be a positive attraction for future prospects looking for a place that has room for their bike.

This growth is fueled by an influx of new residents, particularly from out-of-state buyers attracted by the area's affordability and lower property taxes.

They share a lot of similarities in terms of price point, both for your purchase as well as your rents, they are attractive to renters and first time home buyers because of their affordability relative to the rest of the county.  

This affordability can make it an attractive location for renters, particularly for those seeking a balance between quality of life and cost. 

And these standards are OBVIOUSLY written down and followed religiously.You may want to hire a PM to handle at least the tenant attraction and screening if not everything.

That FHA loan is assumable, so that might be attractive (depending on your rate).You could consider leaving the FHA loan in place and just move into a live in flip.

Reviews absolutely matter and how you respond can attract potential guests. 

Normally with distressed sellers there is deferred maintenance which can be expensive.I'm not sure what the square footage is, but new floors and carpet alone for an entire house could easily be 11k, so the price actually isn't all that attractive.