We discovered the previous owner had dementia which explained most of the work we needed to do, Our short-term is improving that unit to rental standard, not necessarily adding property value as he and I are still drawing floor plans for Long term.Thank you!!!

It might be an improvement over TikTok influencers and self-proclaimed gurus, but not by much.

Improve the property2.

I am not looking to make major improvements, but I am looking to enter and secure it.

Over the past 6 months I have been really researching and devoting myself to self improvement and learning.

Total interest paid drops to $41,857.25 which is a savings of $35,808.08 (46.10%).We could improve upon this a little more by making bi-weekly payments of $291.88 + 140.38 = $432.26.  

This could improve your margins.Occupancy Rate: A 60% occupancy rate seems low for Jax Beach, but that is a reasonable conservative baseline. 

First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).

It's all about the location, you might be able to buy a cheap house, but if it's in an area with nothing but other cheap houses and in an area that is "not desirable" you're not going to make much money on it, either in improvements or rent.

I could add this4) Maximize agency financing to improve overall returns safely