I don’t know how one can be a PM and not focused on asset management AND property management @Nicholas R Paust - with inventory tight it can be hard to gauge rent well at the moment especially when you consider factors like area, amenities, unit condition against comps, etc.

This might invite a comparison on the rehab/condition.  

I would expect the rental rate to be closer to $1200 to $1400, depending on the condition (but, do your research.

The lower unit hasn't been renovated, so depending on the condition it may not get market rent and it would rent for less than the renovated units. 

He also talked about drainage and everything else that a inspector does and all of it was in a good working condition with no issues found.

I have a now former tenant that I didn't renew her lease because of the condition of the apartment. 

I can run rent comparables for you, but yes that sounds right for virginia beach depending on the condition.

Not long after I closed I was over there and the neighbor came over - the neighboring house is a side-by-side ranch duplex, brick, in nice condition.

But in the meantime I've shown it to a couple of investors and agents I know, and I have not gotten a warm response because of the condition it is in so I'm concerned that it may be difficult to move. 

Yeah I can send you over a neighborhood map that breaks down each neighborhood into A to C- class based upon sales prices, rental comps, and neighborhood condition.