There is not really much in this thread about buying on courthouse steps,, or indoors in FL.

I charge a gardener fee to my tenants so it doesn't hurt my bottom line.As a learning experience, I wonder if some of these fixes could have been caught through a home inspection when you initially purchased the property.

And again, she moved in with her Boy Friend and vacated my Garden Apartment, knowing that during the Pandemic, the Garden apartments in a dense place like NYC is incredibly in demand at this time.My personal Investing and Management Style is that I want Tenants that will have my Back as I have theirs.

Piss and shiet, holes punched in door, massive spills on carpet.Yeah, they had the money, but they were pigs.I firmly believe if I had brand new carpets, they would be trashed...

The regulations are designed to promote and encourage town and terrace house development, courts, and garden apartments.

Removed overhang cabinets in kitchen to give it flow,New flooring in livingroom, hallway and master bath,Repaired furnace,Replaced hot water tank,Repaired garden tub in master bath and water damage underneath home,Repaired tub surround and replaced fixtures in hallway bath.

Meaning lots of more upgrades and developments are planned and approved coming to this area.I want to own the real estate and run the business to expand our existing profitable restaurant operations in the area, our current restaurant model is actually the same theme as the one currently here, so it would be an easy transition over to the new management and name, with the long term view to possibly redevelop the building into a multi level building years down the line.The business has not been managed effectively over the past number of years and has room for at least 30% growth in revenue immediately and upon takeover.With our hospitality experience in this area managing and operating successful food and beverage operations, we have the recipe for success to operate this new location, where the limitations placed on us by our currently outgrown restaurant will be satisfied with more indoor and outdoor space, a larger capacity kitchen indoors and a new kitchen on the terrace to keep up to pace with our restaurants customer demands.

The land is zoned as a 3F but is currently used as a garden on the street.

My agency is part of a larger corporation (Better Homes and Gardens).

Per the broker, plumbing electric, furnace, and hot water heater have all been updated.The parking lot, grounds and exterior appear to be in really good shape.I have not seen the interior of the building, however if it is anything close to the outside I’m sure it’ll be fine.CompsAcross the street, a recently sold garden style property is listing their rentals at $725, it’s been completely rehabbed.This building is closer to a “walking” downtown with bars and restaurants.There are also several other nice multi-family properties renting between 450 & 900 (for larger new construction buildings).In most of the 4-10 unit buildings, it looks like the owner is paying some if not all utilities.My NumbersOffer $140,000Apply a 11/12th vacancy rateIncrease rents to $600 per unit bring total gross rents to $3,600/Mo $43,200/YrI’m using the brokers utility expenses (for now only)Increasing property taxes to my number $691.67/Mo or about $7100/Yr.Repairs and Maintenance $270/Mo $3,240/Yr.Management Fee $270/Mo. $3,240/Yr.Capex $270/Mo. $3,240/Yr.Other InformationTrash - No dumpster, appears to be city/residential style pickupA/C appears to be the responsibility of tenants.