Improve the property2.

You could do the upgrades then rent out the units or sell after you made the improvements.

If they have trouble with making rental payments, they need to start improving their skills and look for a higher paying job or double down and get two jobs.

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.

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

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

It usually starts with a thorough walkthrough of the property to list all repairs and improvements.  

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.