I have a generally good idea of the area and its value.

Welcome to BiggerPockets and good luck investing!

@Andrew Steffens has a good finger on the pulse in that area, so give him a call.Make sure you get the STR insurance quote into the mix when doing your calculations.

New flooring, new paint, new appliances (Still needs a good toilet) What was the outcome?

First unit lease is up for renewal on 10/31/2024 and has a good long term tenant.

HMM the title cos I know down here ( who said he's dead,) and my good friend who owns one of the biggest brokerages in Miami says Bob stay away big correction is coming, there very slow.  

Those are the ones who most likely will be less hit by Special Assessment and, with the current "fear" in the market, are a good option to buy at a discounted price.

So bottom line he meets  me a PML on BP I like him I do a background make sure he is a good citizen he checks out..

There's a very good chance the issue(s) you face have already been discussed and answered.Ask questions in the appropriate forum.

Good job.Rather than respond point-by-point, I will give you thoughts on one topic and maybe later posters can take on different topics.Step 1 is pay off your primary's mortgage.