Those starting out typically focus on rentals as it's easier to break into and find clients.

The cost is a little higher than some but what they offer makes the your job of managing properties so much easier.

And it appears they look good based on what you know and/or you've been told.....which leads to the next point.Do your own homework on both ARV and rehab costs. 

Her boyfriend appears by all appearances to be living at the house and moved in.  2 other men are there at least 4 days a week, and none of the neighbors have hardly seen the guy I leased to and they've only seen his wife once or twice in 4 months. 

You will probably have an easier time renting in Tampa in the summer because there are more things to do.

Summary Statistics Sample Size20Max$2,272Min$1,200Median$1,475Mean (x̄)$1,55310th Percentile$1,23820th Percentile$1,30080th Percentile$1,75090th Percentile$1,925Standard Deviation (s)$281Standard Error$63Coefficient of Variation18.1%Bldg TypeAddressPriceSizeBedsBathsLast List DateHigher-priced listingApartmentE 34th St & Broadway, Bayonne, NJ 07002$2,0002 bed1.0baMar 2018Higher-priced listingApartment1141 Kennedy Blvd, Bayonne, NJ 07002$1,850805 ft²2 bed1.0baMar 2018Average-priced listingApartmentNewman Ave & W 3rd St, Bayonne, NJ 07002$1,350750 ft²2 bed1.0baFeb 2018Lower-priced listingApartmentW 19th St & Avenue C, Bayonne, NJ 07002$1,225900 ft²2 bed1.0baFeb 2018Lower-priced listingApartment601 Kennedy Blvd, Bayonne, NJ 07002$1,2502 bed1.0baFeb 2018Average-priced listingApartmentW 54th St & Kennedy Blvd, Bayonne, NJ 07002$1,3952 bed1.0baFeb 2018Average-priced listingHouseW 55th St & Avenue C, Bayonne, NJ 07002$1,8002 bed1.0baFeb 2018Higher-priced listingCondo26 Maritime Way, Bayonne, NJ 07002 This price appears to be an outlier and was excluded$2,6002 bed2.0baJan 2018Average-priced listingApartment498 Avenue A, Bayonne, NJ 07002$1,700900 ft²2 bed1.0baDec 2017Lower-priced listingApartmentE 15th St & Broadway, Bayonne, NJ 07002$1,2002 bed1.0baDec 2017Average-priced listingDuplexHumphrey Ave & W 6th St, Bayonne, NJ 07002$1,650950 ft²2 bed1.0baNov 2017Higher-priced listingApartment1040 Kennedy Blvd, Bayonne, NJ 07002 This price appears to be an outlier and was excluded$2,9001,243 ft²2 bed2.0baNov 2017Average-priced listingHouseAvenue B & W 45th St, Bayonne, NJ 07002$1,6751,000 ft²2 bed1.0baNov 2017Average-priced listingHouseAvenue A & Edwards, CT, Bayonne, NJ 07002$1,4502 bed1.0baNov 2017Average-priced listingHouseAvenue C & W 50th St, Bayonne, NJ 07002$1,6501,200 ft²2 bed1.0baNov 2017Average-priced listingDuplexHumphrey Ave & W 6th St, Bayonne, NJ 07002$1,500850 ft²2 bed1.0baOct 2017Average-priced listingApartment1111 John F.

Seems like if they're worried, it would just be easier to wait until the tear-down is torn-down and sell once the blighted house is no longer hurting their property value and take the equity somewhere else. 

The range of rental prices appear to vary quite a bit based on these features.

Keeping an entire house at a constant temp is cheaper and easier on your equipment believe it or not. 

One thing you have going for you is the apartments are vacant which makes the testing a lot easier.