An ideal situation would have him move out and get a new tenant and it be strictly business.

May not be as strict with qualifications.

mobiles are a pain in the rear in this area also. you cant lease them in most places, the park approval boards are very strict, the list goes on.

MikeOH beat me to the punch..............it must the Carb diet is making him quick

Matthew,Important point, if there are true separate utilities, there will be 3 furnaces and hot water heaters.If the owner pays utilities, I would advise to stay away.I am purchasing strictly SFH's right now but I will not buy anything where the owner pays the utilities.

The cash flow is determined strictly by the numbers: gross rents, operating expenses, and acquisition cost (purchase price + rehab), which gives you the mortgage payment.

As you know the city of coral springs can be a little strict about code violations - so would love to find a recommended property management company that has experience in coral springs already. 

John, at the moment, strictly buy and hold in certain areas of Florida, but eventually once I build up some capital and credibility I would like to also look a little closer to home.  

I have a very strict policy regarding giving people a second chance....it does not increase my bottom line and is therefor not my practice.

CHA is VERY strict on properties, especially if it's an older property and there are children.