The second floor will be a townhouse style unit consisting of 5 bedrooms and 3 full bathrooms.

I definitely wouldn't target any HGTV style rehabs with structural problems or even plumbing or electric that needs updated. 

The feed is a 12g ran underground presumably in conduit to a manual Westinghouse disconnect and connects to the pump with an older style 3 prong twist lock connector.

. - You could try to buy a foreclosure fixer upper with a Fannie home style or fha 203k rehab loan where they build the construction $$ into the cost.

Purchase price: $1,400,000 Cash invested: $342,500 36 units of 2/1 town-home style apartments in Salem Village.

When you have a project size and style in mind I'll be happy to recommend one.

The bank doesn't care about the style or condition of the home.

Too many rules, gotchas and Darth Vadar style, "I am altering the deal. 

You'll just need to consider your area, who your tenants are, and other factors specific to your property and management style.

I've been looking in Orange county; but, I have found it extremely difficult to find a SFH property that CF more than 1k (1 tenant in each bedroom and at the avg cost of rent in the local area) on my local MLS.I am open to moving to different cities within FL, in terms of life style I can live like a college student/spartan in order to get a higher ROI on my investment.