And another smaller issue is my income being 40k a year and with the 70% of the rental income; I would barely squeeze by.

The dust may or may not have lead, but you will still fail if the window sills, wells, or floor are dusty.Exposed/Bare Soil: Within three feet of the drip line (the exterior of the house) this will fail.

Good on them for buying a home but they have to realize that there is a cost involved and at a bare minimum they are out their deposit assuming there are no other damages.  

This is totally the wrong philosophy since major plumbing, roofing and other repairs set the investors way back, but the real serious problem is the increased costs and inflation make it so that landlords barely survive and never get rich.The big money is earned through appreciation.

Not to knock Sabrina, but this is a classic example of buying homes in the wrong areas and in the case of Kings Arms, doing the bare minimum.  

I figure each market is different so I really would love if some of you with experience in South Florida could give your opinions on that.From my research, I'm seeing 300K on a Duplex in Broward (Davie, Cooper City, Weston, good parts of FTL & Hollywood) is the bare minimum I could expect to pay for a decent duplex.

The problem with this practice in some areas (besides whether it is permitted by landlord tenant law) is that some tenants can barely scrape together "move in money", so the more that they need to come up with you'll find fewer can manage that.

Thus, in a bathroom, some type of waterproof/water resistant flooring would be necessary, but bedrooms could have bare plywood or OSB floors if you didn't want to pay for anything else.

All too often one-and-done flippers barely break even after a few "learning" experiences. on to the next one! 

Aside from that, it's pretty unlikely anyone will lend if the property barely generates enough revenue to pay the note...By the way, forget everything you learned about the "2% rule"...it's pretty much useless and irrelevant.