I don't really care whether the back right burner of the stove doesn't work or there's some water damage on some joists somewhere. 

Even a modest repair like a new water heater can eat up a months rent. 

There was water damage from a pipe burst and some of the drywall and flooring has been removed by what the seller is calling a "professional company paid for by the insurance company".  

From my understanding of this property, it is pretty turn key: 100% occupancy, near market rents, with the only value add potential being water bill back. 

Based off the P&L, the potential income when fully rented out is about $248k/year but the last couple years his income was around $230-235k including charging $75/month to each tenant for water and trash.

The only reference I have is for my duplex and triplex properties in CO; sewage, water, garbage and share common area fees paid by me (about $200/mth; tenant pays gas and electric.

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

I fondly remember my hours spent reading over a hundred pages of the Florida tax code to figure out their system...that's the depth of knowledge you'll need in order to even attempt to accurately forecast future property taxes. 

I am currently a state employee for the state prison system and I am looking forward to adding that to the list of previous work experience rather than current.Prior to living in Massachusetts I lived on the New Jersey coast until I enlisted in the United States Marine Corps in 2008.

Hello @Nathan BarberIf you would like I can place you in our refer system to find the best agent available.