Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.

Not sure about the rest but hey it was late on a Saturday night when posted, who hasn't been there before.   

Hello Anthony,I came across your post about long-term investment opportunities in Florida, and as a South Florida realtor and investor, I wanted to offer some friendly insights.

not enough information to give you an accurate quote.the only thing we can derive out of this post is $300 in materials and 5k labor something isn't right.

If you’re looking for a property manager maybe start a new post “looking for Atlanta PM recommendations....”

I saw the following post locally in NE Georgia, where 1/2 raw lots go from 15 to 50k.

So in the words of Ned Carey and my favorite post response of all time; "It depends".So first let's start with it will probably take you 4-6 months to research, find, get qualified, get an accepted offer and close on a property.

Hi John, thanks for posting a little about your situation.

The post is old, but it has several articles links in it about the neighborhood over the last decade.: https://www.biggerpockets.com/forums/517/topics/53...Old North Dayton is a C+ area, working class neighborhood. 

I see this is an older post (better late than never) Usually 1% of the purchase price is reasonable.