The building has the potential for 4-5 tenants- hair stylists, massage therapists, artists or office space.  

Right now I'm in the process of re-evaluating my life and working on eliminating all the unnecessary spending, while being a sponge to everything and everyone that's in this beautiful world of real estate investing.I work full-time as the lead Motion Graphic Artist for PlayStation.

I was working with a loan officer who is also a BPer and he worked to get another appraiser scheduled while I buttoned up everything in the building, styled it to make it beautiful (great for the pics for listings) and, based on a tip from one of the BP forums, I created a property package with a listing of all the improvements, the costs, the vendors who did the work, comps in the area, the rent roll, pictures of the before and afters, etc. which I handed to the new appraiser when he showed up.

So it all boils down to which makes more financial sense to you and your wife; getting your first home which will be a beautiful liability or make the big step towards passively securing your family's financial future and establishing cash flowing portfolio.

A tenant paying $3 or $4k/month will expect all this stuff to be functional and beautiful all the time. 

This is a "turn-key" investment, meaning the home is in beautiful condition, no immediate repairs/upgrades needed, and it has a solid quality renter in it. 

Beautiful place but like you said there’s a lot of units going up.

There are lots of great markets out there, and the beautiful thing about the larger deals is that you can leverage professionals to help you manage them.

I am new to this beautiful state and I'm looking for other investors to meet with, or just exchange emails and/or phone calls.I am looking for rental properties to invest in.

Good thing you've got beautiful beaches, beautiful women, and beautiful weather to cheer you up over there haha.