So I am waiting on the call right now,  a great sfr block 65k MLS list and it fell out of contract with the last buyer, so I had emailed the listing agent to let me  know if it goes back to Active, and I always do the emails with a header that says  OFFER for Property....etc..... because I was a busy Realtor and I know when the deal dies, you go in your inbox and look for that guy who emailed me weeks ago, I get more deals that way by the way.  

I got $50k off of one deal and $35k off of another recently and it is a painful process for the seller (Both properties were under contract for $150k or less). 

As you have already found out, non-warrantable condos are a pain to get financed.

Rent 1500 to 1600,  we are looking to rent it to section 8 tenant, The inspector will be there next week  my concern is because here there are no too many Frame houses (Frame houses are like houses in Maryland)  most of the properties on South Florida are build with CBS (Concrete block System ) Normally if the property were with CBS there will be no problem but on a Frame house i am not 100 sure

And that's not putting it on a slab foundation but on block.

Louis is block to block and that's literally true: one block can look run down with boarded up buildings, then you cross a street and every property is well-maintained.

Comps within a 4 block radius (freshly rehabbed) have sold or are selling in the range of $300,000 - $340,000. 

We followed his lead, even joining a 100% commission, very low support brokerage in exchange for him promising my wife and I that we’d achieve a Keller Williams level support from him, without the painful commission split.

Kitchen/Dining room looks great though and house is located on an amazing, quiet, family friendly block near center of town. 

Again, I have used all actual numbers from my bank statements/end of year tax docs, and triple checked that I was putting all the numbers in the right blocks using the calculator, and the numbers don't add up...