The demographics and map data don't take the students into account, but they're really what's driving the market.Low property values and ever-increasing student rents are a recipe for a market when you can pick up a duplex in decent condition for $150k, and rent it for $500/bed (that's an EGI of $36,000 annually for a 3/3 duplex).

I really liked the condition of the property plus the seller financing helped seal the deal.

Also, make sure there aren't additional restrictions on the property condition, compared to a conventional loan. 

As for other ongoing expenses that will really vary by property age and condition.

If you're happy with getting a note on ANY house in FL you might have more luck, but then you don't have as much control over the condition of the property or its location if those are important factors to you.

Do you understand what conditions caused the issue?

Based on location and some rough math, he's definitely looking for market value (stabilized asset) vs the current condition.

Be Patient and Flexible: Market conditions and unexpected challenges can impact your plans.

I’ve noticed quite a few price drops in SFH in these areas in the past few weeks due to shifting market conditions.

Most states allow you to enter with notice for a valid business reason, and checking the condition of a property that has been vacated is certainly a valid business reason.