I don't think $175/month is good in Florida (or anywhere) for 30 percent down, but it also depends on what the rest of the block and area is like and if there is appreciation scale.

The smart play would be to build a two story wood frame structure on top of piers or concrete block in most cases. 35 feet is a pretty typical height limit in most neighborhoods, so depending on elevation you SHOULD be able to build two stories on top of the elevated foundation.

I will have people that expect to rent my nicely renovated 4/3 3000sf with private pool, fenced yard on a lake for $100/night because they saw some other dump a couple blocks down for that price.

I am looking at buying units in the downtown area. on the 200th block of 6th street.

If it is block construction the engineers will make you beef up the slab and add piles to support the new weight of the second floor.

Pick a 10 block neighborhood.  

If you don’t have the parcel’s block & lot #, you can use the street name & # to pull up public record docs including deeds, liens, violations, etc.

Are you doing butcher block, quartzite or masonite for counter tops?

He didnt have malicious intent like most do.  

have seen this play with eastern Block women .