If the lease doesn't cover tenant improvements, what protection can be developed for the buyer?

If not, improve them...that is where you start, otherwise, here is a thought to consider:Where are you going to live when you move to FL?

Is it a permit to develop the land, put in the off site improvements (utilities, curb, gutter, sidewalks, etc.).

You have to talk about the benefits to them, how this solution will solve their real estate problems, fast and efficiently.

There are many that feel condos and townhouses are not great for fix and flips for variety of reasons: higher holding costs (hoa), limitations in improvements due to restrictions from hoa, could make you submit insurance, license, etc.

Craigslist has improved by adding Map View.Map View filters out all the crap and repeat/spam listings and makes CL much more pleasant to use.That said, during my last couple rental listings, I got way more inquiries from Trulia.

You have the energy to work 80 hours a week, 90!

You can get very good deals on these, and vastly improve the look of your place.Depending on budget, I might also recommend a nice window trim and a faux drop ceiling to boot.

Evan, I think you'd find it difficult to cash flow this property.If you use the 50% rule that states expenses (everything except principal and interest) over a period of time will equal half of the market rent per month, you're looking at $1935/2 = $968 as your cash flow after expenses.You could save some money (~8-10%) by managing this yourself, but my hunch is that with that old of a property the upkeep and capital improvements will be higher on this deal than a newer property.

Minimizing your living expenses by containing unnecessary spending is equally important as creating massive income if you want to be a full time investor.My passion in life is to help others improve their lives financially.