He doesn't pay cash for the house like foreign and domestic investors, hedge funds, Black Rock and etc.

I find that Tampa and Cape Coral are larger markets, but it seems that it is harder to find properties that cash flow.

My most recent purchase is a cape code with those lovely trapezoidal ceilings in the bedrooms and due to the rounded plaster, not going single-color was going to be tricky. 

The timelines seem very standard for Cape Coral, to be at septic approval/inspection for a year if I read your post correctly. 

We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.

Cape Coral has changed so much in the last cycle.

While the state is tenant friendly, eventually they will be forced out and at that point it will be without the offer you gave them and with a black mark on their record making it harder to find another place.Since you are looking at flipping the property, you need them out to do the work and I would discuss that with them - not the flip portion but the work that needs to be done and can't be done with them in it. 

Investment Info:

Single-family residence other investment.

New Construction Project - The Oasis Model

What made you interested in investing in this type of deal?
I have been working with investo...

From the picture with the black tar on the wall, I knew this was going to be a challenge.

He put in a hot water heater, painted the upstairs walls white, put black shutters on the house, painted the deck grey, and painted the front door red.