3 x 2 BR Apartments @ $700-$750/mo.1 x 1 BR Apartments @ $550/mo.4 x Studio Apartments @ $400-450/mo.Commercial is 1450 sq. ft. and should rent at $11-12/ft.All units have completely separate utilities, except water.  

Some provide water/sewer and trash, others don't.Good luck!

Hi there,I'm real estate professional in commercial market in New York for a year, and personally have investment properties in Hong Kong and Manchester, UK.I just tapped into water of flipping in NJ and finding my first deal. 

Lucie, Orlando, Tampa, Clear Water, Sarasota, Bradenton, Ft.

-Tenant left behind a pool (against the lease) a BBQ, dishes, and a yard waste bin filled with trash.

Keep going up and up until you have a nice cash pool to dip into.  

Problem is the area is one I don't like, bleak job growth, low class, challenging tenant pool and needs really good, strict management.

@Harsh Desai, I agree with @Curtis Waters.  

But I called the realtor, and was talking to him and he told me that the house has "broken water pipes".

You want the net income after all expenses like, maintenance, utilities, taxes, insurance, property management (if needed), if the property is vacant figure that in, and Cap Expenditures (any big ticket items that might need fixing or replacing once you own), things like the A/C unit, water heater etc.