Coral Springs area

Disclaimer: I'm new at this and don't own any "weird" properties.The main thing that springs to mind is: will you have to make any updates to bring things up to current building code? 

After loan of the 52k, which we included mortgage, taxes, insurance, plus the water it looks like about a 20% cash flow about 150.00We did find a house hopefully ,still available, that if I can get for 30k when done will be able to get around appox. 28% and if I can get taxes reduced would be hopefully upwards of 35%.

I am a HML in Hot Springs AR.

So be sure that your contract has terms that you can actually meet, so that you don't end up in hot water with the owner.

I live here and invest in Palm Springs myself.

Since this is not big enough to be seen as a commercial property, they'll be looking at sold comps and won't give you a mortgage on something that appears to be 'under water'.

Miles of bike paths, rentals, a water taxi, and many beaches to choose from.  

Formica counters looked to have a medium degree of water damage here and there. 

When using the Rental Calculator should I adjust my prices so that they reflect only one flow/unit of income and keep all my vacancy rates, cap ex, maintenance repairs, water, etc... all the same?