You'll just about certainly need to upsize central AC and furnace/blower, and change up ducting a bitTo kind of piggy back on all the above, and I'm biased as an engineer - if I were you I'd be wanting a good set of plans to even try this. 

I may be biased, but in my opinion this area is experiencing tremendous growth with no signs of slowing down making it a great location for long term investments. 

As an agent and investor, I'm biased to the Destin area personally; however, I have plenty of investments in other locations. 

I am bias in that, I preach for people to buy homes and build wealth but I also believe in business and being creative! 

There's a massive survivorship bias in real estate, where the folks you hear from are, naturally, the ones who stuck it out. 

Birmingham is an amazing REI market, I am a bit biased, but it is the BEST!

@Jill Rio if you are still in the market, I would ask @Heather Hopkins very knowledgable on the east bay and very investor friendly...I may be biased as she is my wife, but we invest in the East Bay and she is the lead on all acquisitions!

Wherever you go, you'll have your answers-- and since you worked them out and created them, the results are presented on your own terms with your own biases and preferred analyses already built into the sheet.    

@Tim EhlersLOL I did not think one could blatantly solicit business on the forum side of BP.. so all your responses are from those that sell property.. so consider the source they are all bias to their areas.. :)Hopefully you will get some response from those that are not sales folks.. :)I do have first hand knowledge about kokomo though.. its a nice little under the radar burg.

If so, then you need to look at the Midwest - particularly Indianapolis [yes, I'm a little biased].One can find solid B-/C+ properties in great blue collar neighborhoods for around $65k [with recent full rehab] that rent for $800.