Also wasn't able to purchase title insurance even though I requested it.

Rents are moving and I would double/triple check so you are super confident in the rates. 3) Insurance seems low at only $3,000 per year for 14 units.

A higher Cap Rate indicates a higher return for the investor, but it might also signal higher risk if the market or property isn’t stable.

Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.

Florida condominium associations are currently navigating significant challenges due to recent legislative changes and rising insurance costs.

Not sure whether to bail, see what the bank/insurance co say, try to make it legal or ???

Can I deduct any expenses incurred throughout the entire year 2023 for that property such as utilities, insurance, repairs, mileage, maintenance and improvements?

You could see a big jump from seller's tax expense to your own.Have you gotten an insurance quote?  

Can I couple my residential loan with landlord insurance?  

If you want to properly protect yourself, use layered insurance when you start.