neither would make my numbers or be suitable for my portfolio. mine are 25k purchased and necessary repairs to make rentable to rent for 525-550for the 32k i would want 600-650 mo

After you learn about your new market and determine the best locations and neighborhoods, then I would invest the money into property that produces a suitable cash flow, after all expenses.

A 2" meter isn't going to be suitable for 78 units.

Minor repairs to meet point of sale requirements, and bringing suitable property management to the table What was the outcome?

The answers will only come from knowing your market.If you are not ready to jump into income investing yet or the property is not suitable as a rental (it most likely is not) either stay or sell...flip a coin. 

I think a 12000 BTU unit would be suitable for that size room? 

It seems that to go the traditional route and do interest-rate-only construction financing with substantial down payment of private equity seems a lot more troublesome and interest-heavy.Probably the only comparable loan suitable for this property would be Homestyle, although I have to be honest and say I haven’t taken as much of a detailed look as I have with the 203(k).I really appreciate the feedback and would love to get any recommendations, as I am trying to build a 203(k) team (in the Bronx).If anyone has any reservations about sharing information publicly, please feel free to message me privately!

After doing some research, I have learned that there are "landlord friendly" states that are more suitable for buy/hold investors.

Basically what I am saying is that I am not surprised that you have been looking for months and have not found a suitable rental in Saint Pete.I am sorry I can't be of much help regarding Tampa.

@Jason Sterlingwhen you purchase a rehab foreclosure be sure you place a lot of back into the property ie...money for what you missed/elect ,plumbing, gas piping, AC repairswhat happened on mine was that there was no title- the county had to make a new title for the property it had been sold so many times in the previous refi process, that is how it went to auctionas long as the arv is suitable for the area and you can get it for a deal then it would be a good buy if the rents are not going to make it work then flip it for a small profitget another set of eyes on the property to help you analyze the property maybe look at a cut sheet from one of the forms on BP what your looking for and what is a tear out or a repair-ie most sheetrock damage is a repair unless water damaged then it is a tear out, flooring if it squeaks you can fix that with a nice box of screws, if it has dry rot then it is tear outnetwork with someone in your area maybe a GC to do a walk throughenjoy