Hey guys, I'm currently renovating a condo, and it shares a single wood framed wall with another unit next door.

@Nicholas Aiola is a fantastic CPA over in that neck of the woods - I believe he is virtual only at this point though.What type of rental properties do you own? 

The answer is hidden in the question...in plain sight. 

For a couple thousand bucks you could make this place look pretty nice: clean the mold/mildew or whatever the black stuff is under the eaves and on the base of the front porch post, touch up the paint, get rid of the mismatched cabinets with missing drawers, the faux brick, the wood paneling, the beat up and dirty dark flooring and replace all that with updated but inexpensive builder-grade materials, put a real handrail on the front porch instead of the ugly 2x6...

Tell me what you want and I can make it happen (in wood, not metal).

Once these items are removed it is essentially a 900 sqft room with high ceilings and wood floors; it could be a chic studio.

If there's original wood plank flooring underneath a carpet that's trashed, then a light refinishing can be affordable, even if it's got some blemishes which just contribute to its "character". 

It still hurts a little bit to remove nice old wood and replace it with new wood that is not nearly as nice (but as least it's now harvested sustainably)

I only negotiated with repairs like replacing wood in the crawl space and termite traps.

@Eric Wiinanen I haven't lived in other places in Florida so I don't know what the proportion of wood frame to CBS (concrete block/ stucco) construction is in each area.